The Ingenia Communities Group (ASX: INA) share price is under the spotlight after the company revealed it received a further revised takeover proposal from Warburg Pincus. The proposal values Ingenia at $5.25 per stapled security, up from two previous non-binding offers.

What did Ingenia Communities report?

• Received a further revised non-binding indicative offer at $5.25 cash per stapled security from Warburg Pincus
• Previous offers from Warburg Pincus were $4.75 and $5.05 per stapled security
• Offer remains subject to key conditions: due diligence, exclusivity, board support, debt finance, regulatory clearance, and Peet deal termination
• No recommendation made to securityholders at this stage

What else do investors need to know?

The Ingenia board is still evaluating the Warburg Pincus proposal with help from its financial and legal advisers. There’s no assurance a formal offer will result or that a deal will be completed. Ingenia must also decide whether to terminate its existing Peet Scheme Implementation Deed before moving forward.

Securityholders are not required to take any action at this point. The board is continuing to assess all available options while focusing on the company’s strategic direction and long-term growth goals.

What’s next for Ingenia Communities?

The board will continue to update investors as it evaluates the proposal. Ingenia says it remains committed to executing its strategy and delivering long-term value, regardless of the current takeover interest. Any progress with Warburg Pincus will hinge on detailed due diligence and negotiation of transaction terms.

Ingenia’s focus remains on growth through acquisitions and development across its 96 communities and sites, aiming to capitalise on the growing senior accommodation sector in Australia.

Ingenia Communities share price snapshot

Over the past 12 months, Ingenia Communities shares have declined 17%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.

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The post Ingenia Communities receives further revised $5.25 takeover proposal appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Northern Star Resources Ltd (ASX: NST) share price is in focus today after the company revealed it received and rejected a conditional takeover bid from Gold Fields Limited, valuing the gold miner at up to $38.7 billion—a 22% premium to its pre-offer price.

What did Northern Star Resources report?

• Northern Star received a non-binding, indicative and confidential proposal from Gold Fields to acquire 100% of its shares via a scheme.
• The offer: 0.3125 new Gold Fields shares (via CHESS Depositary Interests) plus $7.25 cash per Northern Star share.
• Implied value: $27.00 per share based on 11 September 2026 Gold Fields close; $25.19 per share based on 25 September 2026 prices.
• Implied equity value: $38.7 billion initially; $36.1 billion using updated Gold Fields share price.
• Offer represented a 14–22% premium to Northern Star’s recent share price.
• The Board unanimously rejected the bid, citing undervaluation and high completion risk.

What else do investors need to know?

Northern Star’s Board said the proposal was materially opportunistic ahead of key growth milestones, naming the Fimiston Mill commissioning and the start of its incoming CEO as value catalysts. The offer’s 73% scrip component would expose Northern Star shareholders to new regulatory and operational risks in South Africa—risks they don’t currently face.

Conditions also included a lengthy exclusivity period with no room for competing offers, as well as several regulatory approvals that could delay or jeopardise completion. Northern Star made clear it would not engage further unless a more compelling proposal emerges.

What did Northern Star Resources management say?

Chairman Michael Chaney AO said:

Gold Fields has sought to acquire one of the world’s premier gold portfolios at a price that falls well short of what the Board considers to be its fundamental value and at a highly opportunistic time. Furthermore, Gold Fields has asked our shareholders to take nearly three-quarters of the consideration in Gold Fields stock, which carries a meaningfully higher jurisdictional risk profile than the exposure they hold today. These factors, in conjunction with the conditionality of the Indicative Proposal, are the basis on which the Board has unanimously rejected the Indicative Proposal.

What’s next for Northern Star Resources?

Northern Star highlighted its unique position as the owner of high-quality, long-life assets in tier-1 mining jurisdictions. It remains focused on delivering near-term growth, particularly through the ramp-up of the Fimiston Mill—a key catalyst the Board says could unlock further shareholder value.

The company confirmed it will keep the market updated on any further approaches or material events in line with ongoing disclosure obligations.

Northern Star Resources share price snapshot

Over the past 12 months, the Northern Star Resources shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.

View Original Announcement

The post Northern Star Resources rejects $38.7bn Gold Fields takeover offer appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The ASX dividend stock Pinnacle Investment Management Group Ltd (ASX: PNI) may not be as cheap as it was at the start of the 2026, but I reckon it’s still great value today.  

As the chart below shows, it has dropped 30% from early August 2026 and it has fallen 47% from February 2025.

Pinnacle describes itself as a global multi-asset investment management platform. It’s substantially domestic and expanding globally, as it compounds earnings and cash flow generation through cycles.

It makes investments in fund managers, called affiliates. It has a portfolio of 19 affiliates across public and private markets, spanning asset classes, investment styles and geographies.

I think it’s a great time to invest in Pinnacle for a few different reasons, starting with the dividend yield on offer.

Strong passive income

The business decided to pay an annual dividend per share of 60 cents in FY26, the same as FY25.

At the time of writing, that dividend yield is 4.4% excluding franking credits and 5.7% including franking credits.

That’s not the biggest dividend yield on the ASX, but it’s a solid starting point for an ASX dividend stock, and I expect further growth as the company’s funds under management (FUM) grow.

Strong funds under management performance

The company is performing strongly for shareholders, with total FY26 net inflows of $33.4 billion, up 44% year over year.

This enabled the business to report that aggregate affiliate FUM grew 28% to $229.4 billion. The rise in FUM helped aggregate affiliate base fees grow 35% to $1 billion.

Pinnacle also reported that net profit after tax (NPAT) grew 31% to $176.7 million and earnings per share (EPS) rose 25% to 78.1 cents.

Management believes that the business should be able to compound EPS at a high rate.

The company highlights that it’s purposefully expanding into larger international markets, through a growing global affiliate presence, expanding its globally relevant product suite and increasing global distribution footprint.

I expect the business will be able to generate growth through ongoing performance of existing affiliate strategies, they can launch new strategies and the Pinnacle portfolio can expand with new names.

Pinnacle notes that 81% of affiliate strategies with a track record of five years or longer have outperformed over a five-year period.

Pinnacle share price valuation

The ASX dividend stock is now valued at less than 16x FY27’s estimated earnings, according to forecast on Commsec.

The projection on Commsec then suggests the business could grow its EPS by 20% in FY28 and increase it by a further 21% in FY29. In other words, it’s suggested that the business could deliver significant earnings compounding over the next few years, which is exactly what could drive the dividend higher.

The predictions suggest the business’ dividend could grow by 70% between FY26 to FY29, which would be pleasing to see.

The post 1 ASX dividend stock down 47% I’d buy right now appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Pinnacle Investment Management Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.