Ingenia Communities receives further revised $5.25 takeover proposal

Ingenia’s board risks fierce revolt if it shuns private equity offer

Warburg Pincus hasn’t declared its third offer final, meaning there may be scope for the American giant to ratchet up the bid with the benefit of due diligence.

Warburg ups Ingenia bid as Perth Peet deal hangs in balance

Warburg has lifted its Ingenia bid to $2.14b and set a Friday deadline, with the US giant still demanding it abandon its near-$1b takeover of Perth developer Peet.

Ingenia Communities receives further revised $5.25 takeover proposal

Ingenia Communities Group (ASX: INA) has received a further revised non-binding takeover offer from Warburg Pincus at $5.25 per stapled security.

Warburg Pincus raises Ingenia bid again

Warburg Pincus has increased its proposed offer for Australian retirement living and holiday park operator Ingenia Communities to approximately $1.5bn, raising the prospect of a renewed takeover battle for the ASX-listed company, according to a report by he Wall Street Journal.

Ingenia Shares Jump 5.8% as Warburg Pincus Lifts Takeover Bid to $5.25, but Peet Deal Stands in the Way

Ingenia Communities shares rose after Warburg Pincus increased its non-binding takeover proposal to A$5.25 per stapled security, although the board has not yet recommended the conditional offer.

Warburg Pincus Makes Improved $1.5 Billion Offer for Australia’s Ingenia

The New York-based private-equity group’s latest offer is more than 10% higher than its initial proposal.