Australia's Steadfast jumps after consortium reconfirms intention for$5.42 billion takeover

Steadfast

03/08/2026 02:04

** Shares of Australia's Steadfast Group SDF.AX surge as much as 4.9% to A$5.36, their highest level since June 11
** Insurance broker says consortium comprised of Amwins Group, Inc. and Dragoneer Investment Group, LLC has reconfirmed its intention to proceed with its A$7.7 billion ($5.42 billion) buyout offer for the insurance broker, including debt
** Steadfast adds it understands from the consortium that due diligence investigations have been "substantially completed"
** Stock up 1.9% YTD 
     
     
     
     
($1 = 1.4201 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com;))