Challenger Gets Indicative Non-Binding Offer From TAL Daiichi Life Australia Pty

By Reuters News

Oct 19 (Reuters) - Challenger Limited CGF.AX:

  • INDICATIVE NON-BINDING OFFER RECEIVED

  • RECEIVED A NON-BINDING AND CONDITIONAL INDICATIVE OFFER FROM TAL DAIICHI LIFE AUSTRALIA PTY LIMITED

  • OFFER TO BUY 79.5% OF CHALLENGER SHARES AT A$11.80 PER SHARE

  • PROPOSAL SUBJECT TO DUE DILIGENCE, REGULATORY APPROVALS, AND BOARD RECOMMENDATION

  • IS CONSIDERING INDICATIVE OFFER

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

Further company coverage: CGF.AX

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