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Challenger Board Concluded TDA Offer Not At A Level It Could Recommend To Shareholders

By Reuters News

Oct 26 (Reuters) - Challenger Limited CGF.AX:

  • BOARD HAS CONCLUDED OFFER IS NOT AT A LEVEL IT COULD RECOMMEND TO SHAREHOLDERS.

  • BOARD INTENDS TO ENGAGE WITH TDA TO SEE WHETHER A PROPOSAL CAN BE REACHED THAT BOARD COULD RECOMMEND

  • NO CERTAINTY THAT PROPOSAL WILL RESULT IN A BINDING OFFER OR THAT ANY TRANSACTION WILL EVENTUATE

  • BOARD HAS CONCLUDED TAL DAIICHI LIFE AUSTRALIA OFFER IS NOT AT A LEVEL IT COULD RECOMMEND TO SHAREHOLDERS

Further company coverage: CGF.AX

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