IDP Education said on 22 September 2026 it had rejected a non-binding proposal from Blackstone-managed funds to acquire the company for A$2.50 a share in cash, valuing it at about A$695m (US$493m).
Market context
IDP's earnings have collapsed as Australia, Canada and the UK tightened student-visa rules, with statutory profit down about 90% over two years. Its shares jumped about 21% on the disclosure before giving back much of the gain.
