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TAL's $11.80 Challenger bid arrives as annuity momentum builds

8:01am on Monday 19th of October, 2026 AEDT • Financial Services
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TAL's $11.80 Challenger bid arrives as annuity momentum builds

8:01am on Monday 19th of October, 2026 AEDT
Key Points
  • $11.80 per share indicative offer from TAL Daiichi Life Australia
  • 17.7% premium to Challenger's one-month VWAP
  • Challenger board is still considering the proposal
  • First-quarter sales rose 52% to $4.4 billion
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