IDP Education says it received a takeover offer from Blackstone more than two weeks ago but rejected the bid because it undervalued the company, the country’s largest listed provider of schooling to international students.
The company, which has seen its share price slashed by almost two-thirds this year as the Albanese government restricts international student visas, also said it had received an earlier, lower bid from the New York-headquartered buyout giant but did not specify when.
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