Pepper Money jumps 27%. The company has confirmed that it has received a 100% takeover that could see the prominent non-bank lender delisted from the Australian Stock Exchange (ASX). Under the proposed deal, investment manager Challenger Limited will team up with Pepper Group ANZ HoldCo Limited to jointly acquire Pepper Money.
We’ve been bullish on Pepper Money following the recent string of Algo Engine buy conditions and the improving fundamentals.
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