Browsing Tag
IELTS
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IDP Education (ASX: IEL) trades 24% below Blackstone’s bid days after board rejects A$2.50 offer
The immediate takeover excitement around IDP Education has already cooled. After jumping above A$2 following the rejected Blackstone proposal, the shares ended September 25 at just A$1.91, leaving a striking gap to the private-equity offer.
IDP Education launches A$50m buyback as ASX:IEL rebounds on A$122m EBIT outlook
IDP Education is using stronger cash conversion, deeper cost savings and a A$50 million share buyback to rebuild investor confidence, even as international student volumes remain under pressure.