# Daiichi Life Bids A$7.94 Billion for Challenger

> Daiichi Life's Australian unit offers A$11.80 per share for Challenger, a 19.8% premium to Friday's close.
- Title: Daiichi Life Bids A$7.94 Billion for Challenger | Shortify
- Summary: Daiichi Life's Australian unit offers A$11.80 per share for Challenger, a 19.8% premium to Friday's close. Daiichi Life Unit proposes A$7.94 billion…
- Keywords: daiichi life, challenger, talc daiichi life australia pty, australia, japan, scheme of arrangement, share price, finance, markets, Daiichi, Life, Bids
- Source: BigGo Finance — https://finance.biggo.com/news/c2be2d8e-f760-49e1-bd16-05f5f10a2b77
- Author: BigGo Finance
- Published: 2026-10-18T22:35:09+00:00
- Read time: 1 min
- Topics: daiichi life, challenger, talc daiichi life australia pty, australia, japan, scheme of arrangement, share price, finance, markets
## Daiichi Life's Australian Unit Proposes Acquisition
Daiichi Life Australia Pty has proposed acquiring 79 per cent of Challenger it does not already own, valuing the investment manager at A$7.94 billion.
## Offer Details and Premium
The bid offers A$11.80 per share, a 19.8 per cent premium to Friday's close, with TAL Daiichi Life Australia Pty already holding 20.36 per cent.
## Next Steps for Challenger
Challenger's board is reviewing the indicative proposal, which is subject to conditions including satisfactory due diligence.
## Key takeaway

Daiichi Life Unit proposes A$7.94 billion acquisition of Challenger, valuing it at 19.8% premium to Friday's share price.