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Pepper Money Ltd ( (AU:PPM) ) has provided an update.
Challenger Limited has submitted a revised confidential, non-binding and conditional joint proposal with Pepper Group ANZ HoldCo Limited to acquire Pepper Money Limited. The new offer cuts the bid from $2.60 to $2.25 per Pepper Money share, adjusted for the final fully franked 2025 dividend of 7.8 cents per share and any special dividend.
Challenger has described the reduced bid as its best and final offer in the absence of a superior proposal, signalling a firmer negotiation stance on valuation. However, discussions remain incomplete and there is no certainty a transaction will proceed, leaving Pepper Money shareholders and the market awaiting further disclosures under Challenger’s 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
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.
Average Trading Volume: 428,074
Technical Sentiment Signal: Buy
Current Market Cap: A$952.3M
See more data about PPM stock on TipRanks’ Stock Analysis page.