+34
The board of land lease developer Ingenia Homes is seriously engaging with suitor Warburg Pincus following shareholder demands, providing limited due diligence on a $5.25 per share proposal after initially resisting the interest.
appear to be heading in one direction, and one direction only. The land lease developer’s board has so far had little time for its suitor, Warburg Pincus, but is finally taking shareholder demands that it engages with the New York-headquartered giant seriously.
It’s unclear whether Ingenia’s Shane Gannon-chaired board will go all the way in recommending Warburg Pincus’ proposal, but is expected to shortly provide limited due diligence after a $5.25 per share bid last week, people close to the negotiations said on condition of anonymity.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of Street Talk.
She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.
Ingenia Homes Warburg Pincus Takeover Bid Private Equity Australian Real Estate
Australia Latest News, Australia Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Man-made clay burrows hoping to save endangered dragon from summer heatOne of Canberra's rarest residents, the grassland earless dragon, is being given a new lease on life with clay homes built to help the critically endangered species survive another scorching summer.
Read more »
More quakes possible after Aussie state rocked by early morning tremorThousands of sleeping residents were jolted awake as the tremor rattled homes on Saturday.
Read more »
The key features Australian homes may have in the futureResearchers at Monash University release a report exploring what Australians want from our homes in the future.
Read more »
Lauren realised women stay in violent homes out of fear for their pets. So she did something to helpA new program has provided hundreds of nights of crisis accommodation for pets that have experienced trauma from family violence.
Read more »