Bid rejectedFinancial Services~$4.4B reportedFirst reported Oct 19, 2026

Challenger rejects Daiichi Life's takeover proposal but keeps talking

Reported, not announced. These deals have been reported by the outlets linked below but not confirmed by the companies, and many never happen. Not investment advice.

Challenger's board has turned down a non-binding A$11.80-per-share proposal from Daiichi Life's Australian unit for the 79.5% of the retirement-income firm it doesn't already own, Yahoo Finance and The Japan Times report. The board says it will keep talking with its largest shareholder to see whether it can agree an offer it could recommend, and says there's no certainty a deal will happen.

What's been reported

• Yahoo Finance ↗ · free to read