Brief: Ingenia Communities Group Says Receipt Of Indicative Proposal From AVID
Mon 01:54
BRIEF-Ingenia Communities Group Says Receipt Of Indicative Proposal From AVID Oct 26 (Reuters) - Ingenia Communities Group INA.AX:
RECEIPT OF INDICATIVE PROPOSAL FROM AVID
RECEIVES INDICATIVE PROPOSAL FROM AVID TO BUY 100% OF STAPLED SECURITIES
PROPOSED DEAL VALUE UP TO A$5.40 CASH PER INGENIA STAPLED SECURITY
PROPOSAL TO BE FUNDED THROUGH EQUITY AND DEBT; NO FINANCING CONDITION
GRANTS AVID UP TO SIX WEEKS OF SOFT EXCLUSIVITY
TERMINATES WARBURG PINCUS' ACCESS TO DATA ROOM
AVID INTENDS TO TRANSFER HOLIDAY PARKS BUSINESS TO TASMAN HOLIDAY PARKS POST-IMPLEMENTATION
Further company coverage: INA.AX
((Reuters.Briefs@thomsonreuters.com;))
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