IEL Price sensitive 16 Nov 2026, 8:39 AM

Rejection of revised unsolicited proposal

Idp Education Ltd

IDP Education Rejects Blackstone's Revised Proposal

Key points

  • IDP rejected Blackstone's $3.00 per share proposal
  • Board finds proposal substantially undervalued IDP
  • Proposal does not reflect future earnings potential
  • IDP reaffirms FY27 Adjusted EBIT guidance
  • IDP to consider strategic options for long-term value

Full summary

IDP Education Limited (ASX: IEL) has rejected a revised, unsolicited, non-binding proposal from Blackstone Singapore Pte Ltd, representing funds managed by Blackstone Inc., to acquire all shares in IDP at $3.00 per share. The IDP Board, with Goldman Sachs and Mallesons, evaluated the proposal and concluded it substantially undervalues IDP, fails to recognize its strategic benefits, and is not in shareholders' best interests. The Board remains confident in IDP's transformation strategy and expects further earnings growth. IDP reaffirmed its FY27 Adjusted EBIT guidance of $95 million to $115 million, with trading in line with expectations.

Guidance

IDP reaffirms FY27 Adjusted EBIT guidance of $95 million to $115 million.

Outlook

IDP remains confident in its transformation strategy and expects further earnings growth despite current regulatory challenges.

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