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INA — Ingenia Communities News Story

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Australia's Ingenia Communities eyes best month in over 17 years on takeover interest

BUZZ-Australia's Ingenia Communities eyes best month in over 17 years on takeover interest

** Shares of Ingenia Communities INA.AX rise 30.1% this month, on track for their best month since August 2009

** Since the start of September, the land-lease community operator has received three takeover approaches from private equity firm Warburg Pincus, the latest one valued at $1.5 billion

** Co rejected two approaches earlier and is assessing the third offer

** INA up 1.1% in current session; down 8.1% YTD


(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com))

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