Ingenia Seems to Prefer Peet Deal Despite Allowing Warburg Pincus Due Diligence

Dow Jones

Oct 06

2348 GMT - Ingenia Communities has agreed to open its books to suitor Warburg Pincus, but management seems to continue to prefer a planned acquisition of Australia-listed Peet, says Citi. Warburg Pincus recently raised its offer for Ingenia to A$5.25/share. That brings it into line with Citi's assessment that Ingenia investors are looking for a bid in a A$5.25-A$5.50/share range. Announcing that it would let Warburg Pincus carry out due diligence, Ingenia said it hasn't determined whether the latest offer is superior to the deal whereby Ingenia acquires Peet. Ingenia also said it hasn't indicated that it intends to recommend the Warburg Pincus offer to its shareholders. Citi retains a buy call on Ingenia.

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Citi retains a buy call on Ingenia.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ingenia Seems to Prefer Peet Deal Despite Allowing Warburg Pincus Due Diligence</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIngenia Seems to Prefer Peet Deal Despite Allowing Warburg Pincus Due Diligence\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-10-06 07:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>2348 GMT - <a href=\"https://laohu8.com/S/INGEF\">Ingenia Communities</a> has agreed to open its books to suitor <a href=\"https://laohu8.com/S/WPCA\">Warburg Pincus</a>, but management seems to continue to prefer a planned acquisition of Australia-listed Peet, says Citi. <a href=\"https://laohu8.com/S/WPCA.U\">Warburg Pincus</a> recently raised its offer for Ingenia to A$5.25/share. That brings it into line with Citi's assessment that Ingenia investors are looking for a bid in a A$5.25-A$5.50/share range. Announcing that it would let <a href=\"https://laohu8.com/S/WPCB\">Warburg Pincus</a> carry out due diligence, Ingenia said it hasn't determined whether the latest offer is superior to the deal whereby Ingenia acquires Peet. Ingenia also said it hasn't indicated that it intends to recommend the <a href=\"https://laohu8.com/S/WPCB.U\">Warburg Pincus</a> offer to its shareholders. 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