Australia's Ingenia heads for best week since June after rebuffing Warburg Pincus bid

Ingenia Communities

11/09/2026 01:43

** Shares of Australia's Ingenia Communities INA.AX on track for a weekly gain of nearly 8%, their best performance since mid-June 
** Earlier this week, property developer rejected a takeover proposal from Warburg Pincus and affiliates valuing the company at about A$1.94 billion ($1.39 billion)
** New York-headquartered PE firm offered to buy all Ingenia shares at A$4.75 apiece, a more than 30% premium to INA's close before the announcement 
** In an email response to Reuters, Warburg Pincus said it remains open to "engaging constructively" with the Ingenia board
** Stock up 2.1%; YTD losses at about 24% 

($1 = 1.3968 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))