Challenger rejects Daiichi Life’s $4.4 billion takeover offer
Business · First reported 26 Oct, 07:26 · Updated 18:33
Australian insurer Challenger rejected a takeover offer from Daiichi Life’s Australian unit, which had proposed buying the remaining 79.5% stake for A$11.80 per share.
- Daiichi Life’s Australian unit offered A$11.80 per share for the remaining 79.5% of Challenger.
- Challenger rejected the takeover bid.
- The offer was made the week before the report.
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