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Australia's Ingenia Communities gains as Warburg Pincus wins due diligence access

By Reuters News23:22 (UTC), 4 October 2026 Updated

** Shares of Australia's Ingenia Communities INA.AX rise as much as 3.8% to A$4.960, hitting their highest level since January 29

** Property developer grants Warburg Pincus initial due diligence access on a non-exclusive basis after the US private equity firm raised its takeover offer for a third time

** Suitor tabled third bit last week, valuing INA at about A$2.14 billion ($1.49 billion)

** Co says due diligence access will allow Warburg to develop its revised indicative proposal into offer

** Stock down 4.7% this year, including the day's move

($1 = 1.4382 Australian dollars)

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