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An announcement from Challenger ( (AU:CGF) ) is now available.
Pepper Money has ended discussions with Challenger Limited after its Independent Board Committee concluded that Challenger’s revised non-binding offer of A$2.25 per share was not reasonably capable of execution. The decision halts a potential takeover and leaves Pepper Money to continue as an independent non-bank lender in the Australian financial services market.
The company highlighted strong recent trading, with mortgage and asset finance applications for the first two months of 2026 rising 21% and originations up 34% versus the prior year period. Pepper Money also reiterated its capital management focus, confirming payment of a fully franked final dividend and signalling its intent to keep returning excess capital to shareholders, underscoring confidence in its standalone growth strategy.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Pepper Money Limited is an Australian non-bank lender listed on the ASX, focused on mortgages and asset finance. The company targets customers across the housing and consumer finance markets, positioning itself as an alternative to traditional banks while pursuing growth in loan originations and disciplined capital management, including regular dividends and returns of excess capital to shareholders.
Average Trading Volume: 1,767,365
Technical Sentiment Signal: Buy
Current Market Cap: A$5.49B
For an in-depth examination of CGF stock, go to TipRanks’ Overview page.