Australia's Pepper Money Soars on $815 Million Bid From Challenger, Major Shareholder

Australia stock market today: ASX 200 jumps nearly 2% as tech rebounds; Pepper Money spikes on bid

The S&P/ASX 200 jumped 1.85% to 8,870.1 on Monday, erasing much of Friday’s losses as tech and real estate stocks led gains. Car Group surged 9.9% after strong results, while Pepper Money soared on a takeover bid. Australian household spending fell 0.4% in December. Traders now await major bank earnings and key U.S. economic data this week. The post Australia stock market today: ASX 200 jumps nearly 2% as tech rebounds; Pepper Money spikes on bi…

Australia's Pepper Money soars on $815 million bid from Challenger, major shareholder

Pepper Money (ASX:PPM) Up 25% as Challenger (ASX:CGF) Confirms Deal Talks

Not a Takeover, A Partnership Style Deal With Challenger Pepper Money (ASX:PPM) surged 25% at the market open today after speculation circulated about a potential acquisition. Challenger Limited has now responded to the media reports, confirming it is in advanced but incomplete discussions regarding a possible deal involving Pepper Money. Based on what has been…

Challenger flags talks on Pepper Money acquisition

The Challenger Ltd (ASX: CGF) share price is in focus today after the company confirmed it's in advanced talks to jointly acquire Pepper Money Ltd (ASX: PPM) alongside the Pepper Group. Challenger emphasised the potential acquisition would provide long-term access to fixed income assets and support its strategic growth plans. What did Challenger report? Challenger confirmed discussions to potentially acquire up to 25% of Pepper Money Limited sh…