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Challenger ( (AU:CGF) ) has shared an update.
Challenger Limited has submitted a revised, confidential, non-binding and conditional proposal, alongside Pepper Group ANZ HoldCo, to acquire Pepper Money Limited. The new offer reduces the price from $2.60 to $2.25 per share, adjusted for Pepper Money’s final 2025 dividend and any special dividend, and is described as Challenger’s best and final offer in the absence of a superior bid.
The company stressed that discussions remain incomplete and there is no certainty the proposal will result in a transaction, underscoring ongoing deal risk for investors and stakeholders. Challenger reiterated that it will continue to update the market in line with its continuous disclosure obligations, highlighting a cautious but committed approach to this potential acquisition in the financial services sector.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited is an Australian investment management firm focused on providing customers with financial security in retirement. It operates a fiduciary funds management division and an APRA-regulated life division, with Challenger Life Company Limited recognised as Australia’s largest provider of annuities.
YTD Price Performance: -20.23%
Average Trading Volume: 1,643,345
Technical Sentiment Signal: Hold
Current Market Cap: A$5.08B
See more data about CGF stock on TipRanks’ Stock Analysis page.