Challenger Shares Hit Highest Since 2018 on Daiichi Life Offer
Challenger said it is considering a takeover bid from Daiichi Life Group. Its shares reached their highest level since 2018.
SYDNEY — Challenger shares reached their highest level since 2018 after the Australian investment manager said it was considering a takeover bid from Daiichi Life Group. Challenger said the Japanese insurer’s approach valued its equity at 7.97 billion Australian dollars, with further details unavailable in the supplied text.