Australian Insurer Rejects Daiichi Life's Acquisition Offer
Tokyo, Oct. 27 (Jiji Press)--Major Australian life insurer Challenger Ltd. has rejected an acquisition offer from a local subsidiary of Japanese peer Daiichi Life Group Inc. In a statement released Monday, Challenger said that the offer from TAL Daiichi Life Australia Pty Ltd. (TDA) "is not at a level it could recommend to shareholders." Challenger plans to continue talks regarding the ma...
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