AVID matches Warburg Pincus’ sweetened $1.6 billion bid for Australia’s Ingenia

By Shivangi Lahiri and Jasmeen Ara Islam Shaikh Nov 2 (Reuters) – AVID Property Group has matched Warburg Pincus’ A$2.24 billion ($1.57 billion) takeover proposal for Australia’s Ingenia Communities, Ingenia said on Monday, pushing its shares to a near 11-month high. Here are some details: • AVID, a Sydney-based real estate developer, raised its offer to A$5.50 per share from A$5.40 • The price…

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