Australia’s Pepper Money confirms $760 million takeover approach from Challenger, Pepper Group
Reuters
Feb 09
Australia’s Pepper Money confirms $760 million takeover approach from Challenger, Pepper Group
Feb 9 (Reuters) - Australia's Pepper Money PPM.AX on Monday confirmed it received a takeover proposal from investment manager Challenger CGF.AX and majority shareholder Pepper Group, valuing the non-banking lender at A$1.16 billion ($760 million).
(Reporting by Kumar Tanishk in Bengaluru; editing by Diane Craft)
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