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Challenger Diversified Property Group receives unconditional and final cash offer of $2.74 from Challenger Life


Friday, 11 Apr 2014 12:00am EDT 

Challenger Diversified Property Group:Says it has received an off market takeover offer from Challenger Life Company Limited, a wholly owned subsidiary of Challenger Limited for all units that it does not currently own in CDI.Challenger Life currently owns about 58.7 pct of all Challenger Diversified Property.Under the offer, accepting Challenger Diversified unitholders will receive cash consideration of $2.74 per Challenger Diversified unit.Challenger Life stated that offer is its best and final offer.The Offer is unconditional. 

Company Quote

8.19
0.03 +0.37%
30 Jul 2014