Ingenia shares jump as AVID enters $1.6B takeover battle

source: news (news:seeking-alpha)published 2026-10-26 01:01ingested 2026-10-26 02:57

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Ingenia shares jump as AVID enters $1.6B takeover battle

Oct 25, 2026, 9:01 PM ETIngenia Communities Group Stapled Units (INGEF) StockBy: Rob Williams, SA News Editor

Shares of Ingenia Communities Group (INGEF) surged 8.3% in Sydney trading Monday after Australian property developer AVID Property Group submitted a takeover proposal valuing the retirement housing operator at approximately A$2.2 billion ($1.6 billion).

AVID offered A$5.35 per stapled security, plus

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