Australia's Ingenia Communities hits 7-1/2-month high on $1.5 billion buyout offer
28/09/2026 01:43
BUZZ-Australia's Ingenia Communities hits 7-1/2-month high on $1.5 billion buyout offer ** Shares of Australia's Ingenia Communities INA.AX rise as much as 7.1% to A$4.82, their highest levels since February 27
** Stock hits its biggest intraday pct gain since September 7
** The property developer says it is assessing an improved A$2.14 billion ($1.50 billion) buyout offer from private equity firm Warburg Pincus
** The latest offer, at A$5.25/share, is nearly 4% higher than the previous bid of A$5.05 apiece
** Ingenia says its board has been assessing the revised proposal and has not yet formed a view on the offer or its conditions
** YTD, stock down more than 7%
($1 = 1.4259 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
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