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Ingenia Communities Group Stapled Securities Rise 8.3% on AVID Proposal

AVID’s proposal valued the operator at A$2.2 billion ($1.6 billion) and offered A$5.35 per stapled security.

By John Kim
Published
Low-rise villas line a landscaped path beneath eucalyptus trees / TokenPost.ai
Low-rise villas line a landscaped path beneath eucalyptus trees / TokenPost.ai

AVID Property Group’s proposal valued Ingenia Communities Group at A$2.2 billion ($1.6 billion), as its stapled securities gained 8.3% during Monday’s Sydney session.

AVID proposed paying A$5.35 for each stapled security.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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