Japan's Daiichi Life unit tables offer to take over Australia's Challenger

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Oct 19 : A unit of Japan's Daiichi Life has made an indicative proposal to buy more than 79 per cent of shares in Australian investment manager Challenger it does not already own, Challenger said on Monday. Under the proposal, the Japanese insurer is offering A$11.80 apiece, valuing Challenger at A$7.94 billio

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