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CGF Challenger News Story

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Australia's Pepper Money gets revised takeover proposal from Challenger

March 17 (Reuters) - Australia's Pepper Money PPM.AX said on Tuesday it has received a lower revised takeover proposal from investment manager Challenger CGF.AX valuing it at A$1.01 billion ($713.67 million), down from its earlier valuation of A$1.16 billion.

($1 = 1.4152 Australian dollars)

 (Reporting by Rajasik Mukherjee; Editing by Shailesh Kuber)

 ((Rajasik.Mukherjee@thomsonreuters.com;))

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