IDP Rejects Blackstone’s Sweetened Takeover Bid
IDP Education rejected a roughly A$694.7 million takeover proposal from Blackstone, according to reports by Reuters on September 22. The private equity bidder offered A$2.50 per share in cash, which the IDP board dismissed as highly opportunistic and a substantial undervaluation of the business despite representing a roughly 56% premium to the company’s September 8 … Read more