Challenger surges on takeover bid as credit risks unsettle finance shares

• Challenger surged 21.02% after TAL proposed an $11.80-per-share takeover.
• Bentley Capital fell 18.18% as its portfolio remained heavily tied to Strike Resources.
• Magellan dropped 13.24% despite raising its expected Barrenjoey merger savings to $15 million a year.
• Wisr lifted FY27 profit guidance after record loan originations and better arrears.