Ingenia Shares Jump as AVID Enters $1.6B Takeover Battle

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

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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