# Ingenia Grants AVID Exclusive Talks on Conditional Takeover Proposal

The Australian property group disclosed a nonbinding A$5.35-per-security proposal and up to six weeks of talks, without recommending a takeover.

By Will Langan | 24X7 News
Published: 2026-10-26T01:04:39.635Z
Updated: 2026-10-26T01:04:39.635Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/ingenia-avid-exclusivity-takeover-proposal-october-26-2026

Ingenia Communities said Monday in Australia that it has signed a process deed giving AVID Property Group up to six weeks of conditional exclusivity to pursue a takeover.

AVID’s nonbinding proposal offers A$5.35 in cash per stapled security. A permitted distribution of up to five cents could take the total to A$5.40. Ingenia said it received the proposal after the market closed October 23; the October 26 disclosure sets out the new negotiation arrangements.

The board has not recommended AVID’s proposal or determined that it qualifies as a superior proposal under Ingenia’s existing agreement with Peet. That agreement remains in place.

Ingenia said it has ended Warburg Pincus’ access to its data room. The new exclusivity provisions allow exceptions tied to directors’ duties.

AVID still needs to complete due diligence and reach binding transaction terms, alongside other approvals. Ingenia cautioned that the proposal might not produce a binding bid or a completed transaction.

## Sources
- Ingenia Communities — October 26 ASX release and process deed: https://announcements.asx.com.au/asxpdf/20261026/pdf/075s3nkvwnwjct.pdf
- Capital Brief — October 26, 10:48 a.m. AEDT: https://www.capitalbrief.com/briefing/avid-property-group-enters-race-to-buy-ingenia-communities-a4ca603f-8ed5-4516-ae0f-1d19793a5ee6/