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An update from Pepper Money Ltd ( (AU:PPM) ) is now available.
Pepper Money has disclosed that Challenger Limited has revised its non-binding indicative proposal to acquire 100% of Pepper Money’s shares via a scheme of arrangement, cutting the offer price from A$2.60 to A$2.25 per share. The new price is described as Challenger’s best and final offer in the absence of a superior bid and is inclusive of the CY2025 final dividend and any special dividend.
The company’s Independent Board Committee will now assess the reduced offer against prevailing market conditions and Pepper Money’s standalone prospects, while advising shareholders that no immediate action is required. The development underscores the impact of deteriorating market and operating conditions on deal valuations and leaves transaction certainty unresolved, with Pepper Money committing to keep the market informed under its continuous disclosure obligations.
The most recent analyst rating on (AU:PPM) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Pepper Money Ltd stock, see the AU:PPM Stock Forecast page.
More about Pepper Money Ltd
Pepper Money Limited is an Australian non-bank lender listed on the ASX, operating in the financial services industry. Its primary business is providing mortgage and consumer lending solutions, with a focus on residential home loans and specialty finance to retail customers across Australia and potentially selected international markets.
Average Trading Volume: 428,074
Technical Sentiment Signal: Buy
Current Market Cap: A$952.3M
Learn more about PPM stock on TipRanks’ Stock Analysis page.