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IDP Education Rejects Blackstone Offer and Defends Transformation Value
5:43pm on Tuesday 22nd of September, 2026 AEST
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Education
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IDP Education Rejects Blackstone Offer and Defends Transformation Value
5:43pm on Tuesday 22nd of September, 2026 AEST
Key Points
Second Blackstone proposal increased from $2.30 to $2.50 per share
IDP Board says the offer substantially undervalues the company
Proposal was conditional on exclusivity, due diligence and approvals
Offer price would be reduced by future dividends or distributions
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Idp Education (ASX:IEL)
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