Australia's IDP Education hits 6-month high on reviewing revised $571 million takeover bid

By Reuters News21 hours ago Updated

** Shares of IDP Education IEL.AX rise 25.8% to A$2.78, their highest level since mid-May

** Shares on track for best day since August 2025, if gains hold

** The IELTS English-language exam co-owner says it is reviewing a revised takeover offer, after rejecting two previous ones, from Blackstone valuing the firm at about A$833.7 million ($571.17 million)

** Stock down 52.6% YTD, including moves in current session

($1 = 1.4596 Australian dollars)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.