{"id":84363,"date":"2026-10-20T10:16:52","date_gmt":"2026-10-19T23:16:52","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=84363"},"modified":"2026-10-20T10:16:52","modified_gmt":"2026-10-19T23:16:52","slug":"tal-proposes-acquiring-remaining-challenger-shares","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2026\/10\/20\/tal-proposes-acquiring-remaining-challenger-shares\/","title":{"rendered":"TAL Proposes Acquiring Remaining Challenger Shares"},"content":{"rendered":"<p>TAL Daiichi Life Australia, an Australian subsidiary of Daiichi Life Group, has confirmed that it has submitted a non-binding indicative proposal to the Board of <a href=\"https:\/\/www.challenger.com.au\/individual\" target=\"_blank\" rel=\"noopener\">Challenger Ltd<\/a> regarding a potential acquisition of the remaining 79.5% of ordinary shares it does not already own in the investment management firm.<\/p>\n<p>In a statement TDA says no binding agreement has been reached.<\/p>\n<p>\u201cThe proposal is non-binding and any transaction would be subject to, amongst other things, satisfactory exclusive due diligence, negotiation and agreement of final terms, and the receipt of all required regulatory approvals.<\/p>\n<p>&#8220;TDA will make further announcements as and when there are material developments to disclose.\u201d<\/p>\n<p>It says the proposal is for A$11.80 per share via a scheme of arrangement.<\/p>\n<p>In April last year TAL announced it was to acquire a 15.1% interest in Challenger Limited.<\/p>\n<p>TAL said at the time, that it recognised the evolving needs of Australia\u2019s ageing population and a shareholding in the investment management firm added to its long-term commitment to the growing retirement sector. (see <a href=\"https:\/\/riskinfo.com.au\/news\/2025\/04\/10\/tal-invests-in-challenger\/\" target=\"_blank\" rel=\"noopener\">TAL Invests in Challenger<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAL Daiichi Life Australia, an Australian subsidiary of Daiichi Life Group, has confirmed that it has submitted a non-binding indicative proposal to the Board of Challenger Ltd regarding a potential acquisition of the remaining 79.5% of ordinary shares it does not already own in the investment management firm. In a statement TDA says no binding [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":84366,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,7734],"tags":[],"class_list":["post-84363","post","type-post","status-publish","format-standard","has-post-thumbnail","category-company-news","category-featured"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=84363"}],"version-history":[{"count":5,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84363\/revisions"}],"predecessor-version":[{"id":84369,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/84363\/revisions\/84369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/84366"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=84363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=84363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=84363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}