Ingenia rejects sweetened $1.5 billion Warburg Pincus takeover bid
Bloomberg reports that the Australian developer turned down the offer from Warburg Pincus and its affiliates, saying it undervalued the company.
TLDR
Ingenia Communities Group has rejected a sweetened $1.5 billion takeover offer from private equity firm Warburg Pincus and its affiliates, Bloomberg reports. Ingenia said the bid undervalued the Australian developer.
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