AVID Property Group raised its takeover offer for Australia's Ingenia Communities to A$2.28 billion ($1.58 billion) on Tuesday morning, matching a rival bid from United States-based Warburg Pincus.
AVID Matches Warburg Pincus Bid for Ingenia
AVID Property Group matched rival Warburg Pincus with a revised 1.6 billion dollar takeover offer for Ingenia Communities. Ingenia stated its board has not yet recommended the new proposal to shareholders.
