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AVID brings a higher cash bid into Ingenia’s takeover contest
9:57am on Monday 26th of October, 2026 AEDT
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Real Estate
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AVID brings a higher cash bid into Ingenia’s takeover contest
9:57am on Monday 26th of October, 2026 AEDT
Key Points
$5.35 cash proposal, plus up to $0.05 permitted distribution
AVID backed by a global sovereign wealth fund and financial sponsor
Up to six weeks of soft exclusivity for due diligence and negotiations
Ingenia has not declared the proposal superior to the Peet transaction
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