Warburg Pincus Says It Remains Open to Engagement After Ingenia Rejects Sweetened Proposal

Warburg Pincus said it is "disappointed" by Ingenia Communities' (ASX:INA) decision not to engage on its "materially" improved proposal to acquire the company, submitted on Sept. 14, following an initial proposal on Aug. 30, according to a statement in response to anrequest for comment.

The firm said it continues to believe its proposal represents a superior and compelling all-cash alternative to the Peet transaction for Ingenia securityholders and remains open to engagement with the Ingenia board.

Ingenia Communities said in a Monday bourse filing that the new non-binding indicative proposal, which raised the per-security offer to AU$5.05 from the AU$4.75 per security it rejected on Sept. 7, is not in the best interest of its securityholders.

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Asia2d ago

Newlink Technology's Potential Acquisition of HK Ant Global Investment Falls Through

Newlink Technology (HKG:9600) terminated a memorandum of intent for the potential acquisition of HK Ant Global Investment.The parties had entered the memorandum in May, a Friday bourse filing showed.

HKG:9600

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New Concepts Raises HK$4.9 Million from Share Issue

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HKG:2221

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Eternity Investment Unit, Director Dispose Of Stake in China Healthwise

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HKG:0348HKG:0764