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Australia's IDP rejects Blackstone's $494 million takeover offer
Source: reuters.com
M&A & RestructuringEducation
IDP Education rejected Blackstone's approximately A$694.7 million ($493.79 million) takeover proposal, stating that the offer substantially undervalued the company. The rejected approach is likely to focus investor attention on the prospect of a higher bid or other strategic interest in IDP Education.
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