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Why Did Challenger Slash Its Pepper Money Offer to A$2.25?

9:50am on Tuesday 17th of March, 2026 AEDT Financial Services
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Why Did Challenger Slash Its Pepper Money Offer to A$2.25?

9:50am on Tuesday 17th of March, 2026 AEDT
Key Points
  • Challenger revises acquisition offer for Pepper Money to A$2.25 per share
  • Offer includes 2025 final dividend and any special dividend
  • Deteriorating market and operating environment cited as reasons for price cut
  • Pepper Money’s Independent Board Committee to review the revised proposal
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