TAL Daiichi Life makes indicative A$11.80-a-share proposal for Challenger
By IAN Editorial Desk
News date: 19 October 2026·1 min read
The indicative offer follows strong annuity sales and would leave Challenger more focused on retirement income.
TAL Daiichi Life Australia has submitted a non-binding indicative proposal to acquire Challenger at A$11.80 a share through a scheme of arrangement. The proposal covers the 79.5% of Challenger that TAL does not already own and values the Australian investment manager and retirement-income provider at about A$7.94bn, according to reports published on 19 October 2026.
The price represents a 19.8%…
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