Challenger aims for a stake in Pepper Money
Australian annuities player, Challenger, has made an offer to acquire listed non-bank lender Pepper Money.
The companies confirmed, today, that Challenger has lodged a non-binding indicative offer that will see it acquire no more than 25% of Pepper Money.
Under the proposed scheme of arrangement, Pepper Group ANZ Holdco Limited and Challenger will jointly acquire Pepper Money. Challenger will hold no more than 25% of total Pepper Money shares.
Pepper Money shareholders will receive a...MORE»
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