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Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.815 -0.295 (-13.98%)+
Announcement
Release
17 Mar 2026 9:50AM
Price at Release
$2.110
Full Release
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Summary
Challenger Limited has announced a revised non-binding and conditional proposal to acquire Pepper Money Limited at a reduced offer price of $2.25 per share, down from the initial offer of $2.60. This revised offer will be adjusted for the final fully franked dividend and any special dividends. Challenger asserts this as their best and final proposal in the absence of a superior offer, though there is no assurance that this will culminate in a transaction. Challenger Limited specializes in investment management, focusing on financial security for retirement.
Key Points
  • Challenger Limited submitted a revised, non-binding proposal to acquire Pepper Money Limited.
  • The revised offer reduces the price to $2.25 per share from the previous $2.60.
  • The price will be adjusted for final dividends and any special dividends declared.
  • Challenger's proposal is conditional and represents their best offer unless a superior proposal arises.
  • There is no certainty that this proposal will result in a transaction.
  • Challenger is an investment management firm that focuses on providing financial security for retirement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.