Australia's Steadfast extends gains as consortium reaffirms buyout proposal

Steadfast

10/07/2026 03:45

** Shares of Steadfast Group SDF.AX edges 0.2% higher to A$5.2, extending weekly gains to 2.5%
** On track for its best week since June 12 
** Insurance broker on July 9 said Amwins Group and Dragoneer Investment reaffirmed their takeover proposal valuing Steadfast at A$7.7 billion ($5.36 billion), prompting a four-week extension of exclusivity period
** Current bid marks third and highest approach after earlier offers failed to secure an agreement
** Stock has fallen 1.7% this year, including session moves
($1 = 1.4372 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))