Australia's IDP Education set for weekly gain on revised Blackstone offer

By Reuters News02:53 (UTC), 13 November 2026 Updated

** Shares of IDP Education IEL.AX up 14.5% for the week, set for their best week since October 2, if gains hold

** Still, stock down 0.6% on the day

** The IELTS co-owner said on Wednesday it received a third bid from private equity firm Blackstone BX.N, now valuing IDP at A$3 a share or A$833.7 million ($567.50 million)

** Bid represented a 20% premium to Blackstone's previous bid

** Shares rose over 16% following IDP saying it was weighing the sweetened proposal on Wednesday

** Stock down over 56% YTD, including the session moves

($1 = 1.4691 Australian dollars)

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