IDP Education Rejects Blackstone Takeover Bid Amid Visa Policy Pressure
- Reports
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- Developments
- 1
- Repetition
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New informationRepeats or wire copies
What happened
IDP Education rejected a takeover proposal from Blackstone, which offered roughly A$694.7 million ($493.93 million) for the company. The firm stated that the bid was “highly opportunistic” and substantially undervalued its business. Blackstone had previously offered A$2.50 per share in cash on September 9, 2026.
From ksl.com, dealstreetasia.com
Why it matters
The rejection highlights a disagreement between private equity buyers and company boards regarding the value of Australian stocks facing industry headwinds. IDP Education has seen its statutory net profit fall about 90% over two years, while revenue dropped about 23% due to tighter immigration and student visa policies across major markets.
From dealstreetasia.com
Who's involved
- IDP EducationAustralian public company whose board rejected the takeover proposal
- BlackstonePrivate equity giant that proposed the takeover of IDP Education
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The entities involved
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IDP Education
Australian public company
Nothing else this week.
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Blackstone
town in Worcester County, Massachusetts, United States
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