Corrected: BUZZ-Australia's Steadfast logs record gains on receiving buyout offer

Steadfast

10/06/2026 07:35

Corrects milestone in second bullet, year-to-date move in last bullet
** Shares of Australia's Steadfast Group SDF.AX end 36.2% higher at A$5.38, logging their best day 
** Settle at highest closing level since November 17, 2025
** The insurance broker said it received a buyout offer from a consortium consisting of U.S.-based insurer, Amwins Group, and investment house, Dragoneer Investment Group in a A$7.7 billion ($5.4 billion) deal
** Offer price of A$6 apiece marks a premium of about 52% to the stock's last close on Tuesday
** SDF says board intends to recommend that shareholders vote in favour of the transaction
** YTD, stock up 1.9%

($1 = 1.4249 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))