Ingenia Extends Talks With Warburg Pincus
Ingenia Communities Group extended buyout discussions with Warburg Pincus and granted the firm comprehensive due diligence access following an improved takeover offer of A$5.25 per share.
Australia's Ingenia Communities Group extended takeover talks with United States private-equity firm Warburg Pincus on Tuesday morning, granting comprehensive due diligence access after an improved A$5.25-per-share offer. The revised bid tops two earlier rejected proposals of A$4.75 and A$5.05 per share from the suitor. The ongoing negotiations sent Ingenia shares up 9% during the afternoon session, marking the best daily performance since September 7.
