Ingenia Communities falls; Citi keeps buy rating as Warburg due diligence begins
06/10/2026 01:18
BUZZ-Ingenia Communities falls; Citi keeps buy rating as Warburg due diligence begins ** Shares of Australia's Ingenia Communities INA.AX fall as much as 1.5% to A$4.71
** Property developer on Monday granted Warburg Pincus initial due diligence access on non-exclusive basis after US private equity firm raised its takeover offer for a third time
** Citi notes due diligence period could take four to eight weeks, based on prior company disclosures
** Says it expects gap between Ingenia's current share price and Warburg's A$5.25-per-share proposal to narrow
** Citi retains "buy" rating on Ingenia
** Stock down 8.9% YTD, including session moves
(Reporting by Roshan Thomas in Bengaluru)
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