Brief: Ingenia Announces Proposed Acquisition Of Peet For Implied Value Of A$2.12 Per Share
26/08/2026 01:13
BRIEF-Ingenia Announces Proposed Acquisition Of Peet For Implied Value Of A$2.12 Per Share Aug 26 (Reuters) - Ingenia Communities Group INA.AX:
INGENIA PROPOSED ACQUISITION OF PEET,PPC-INA.AX
INGENIA PROPOSED ACQUISITION OF PEET
INGENIA TO BUY 100% OF PEET VIA SCHEME OF ARRANGEMENT
PEET SHAREHOLDERS TO RECEIVE A$0.68 CASH AND 0.3367 INGENIA SECURITIES PER SHARE
IMPLIED VALUE OF OFFER IS A$2.12 PER PEET SHARE
PEET BOARD UNANIMOUSLY RECOMMENDS SCHEME, SUBJECT TO CONDITIONS
INGENIA TO FORM FLAGSTONE CITY JOINT VENTURE FOR A$615 MILLION AS PART OF TRANSACTION
Further company coverage: INA.AX
((Reuters.Briefs@thomsonreuters.com;))
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