The Motley Fool Australia
19h ago
Steadfast consortium reiterates A$6.00-a-share cash bid, extends exclusivity to 19 August 2026
Steadfast Group (ASX: SDF) said a consortium remains committed to its A$6.00-per-share cash proposal and has extended the exclusivity period for talks to 19 August 2026. The company said the consortium’s due diligence work is substantially complete and that shareholders do not need to take any action at this stage. Steadfast operates an insurance broking network across Australia, New Zealand, Singapore and the US, placing around A$25 billion in gross written premium each year. Since the proposal was announced, Steadfast shares have fallen 14%, lagging the benchmark index by 3.6 percentage points.