Australia's Pepper Money rejects Challenger's $706 million takeover bid
24/03/2026 21:49
March 25 (Reuters) - Australia's Pepper Money PPM.AX said on Wednesday its board committee had rejected the takeover proposal from Challenger CGF.AX, citing the offer was not "reasonably capable of execution."
The investment manager had valued Pepper Money at A$1.01 billion ($706.09 million).
($1 = 1.4304 Australian dollars)
(Reporting by Rajasik Mukherjee; Editing by Shailesh Kuber)
((Rajasik.Mukherjee@thomsonreuters.com;))