Ingenia Communities Group

INA: XASX (AUS)
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Ingenia: Avid Now the Leading Bidder After Matching Warburg Pincus' Proposal

Avid has exercised its matching right, as permitted in the process deed with Ingenia. It has provided Ingenia with a revised nonbinding indicative proposal for 100% of Ingenia's securities for AUD 5.45 cash per security, and a permitted half-year dividend of up to AUD 0.05 per security.

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