Ingenia Communities to acquire Peet Limited in $1 billion deal
SYDNEY: Ingenia Communities Group announced Wednesday a proposed acquisition of Peet Limited, a deal valued at approximately $1 billion that would create one of Australia’s largest residential development platforms. The transaction, structured as a scheme of arrangement, offers Peet shareholders $0.68 cash and 0.3367 Ingenia stapled securities per share. Based on Ingenia’s 10-day volume-weighted average…