Ingenia Communities Group

INA: XASX (AUS)
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Ingenia: Takeover Proposal from Avid Arrives at Eleventh Hour; Enters Process Deed

Ingenia has received a nonbinding indicative proposal from Avid Property Group for 100% of Ingenia's securities by way of a scheme of arrangement and interconditional trust scheme, for AUD 5.35 cash per security, and a permitted half-year distribution of up to AUD 0.05 per security.

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