ASX:SDF 11 June 2026

Steadfast slips after A$7.7 bln Amwins-Dragoneer approach draws ASX deal focus
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Steadfast slips after A$7.7 bln Amwins-Dragoneer approach draws ASX deal focus

Steadfast Group Limited dropped 2.8% to finish at A$5.23 on Thursday, down A$0.15. The ASX-listed insurance broker opened at A$5.35 and hit A$5.40 before sliding back. Traders weighed a conditional takeover bid from Amwins Group and Dragoneer Investment Group, but shares still held above levels before the offer. The stock soared 36% to A$5.38 on Wednesday, Reuters said, after Steadfast revealed the offer. The A$6-per-share bid still tops Thursday’s closing price, with shares staying under the cash offer as investors weigh risks tied to due diligence, paperwork and approvals.
June 11, 2026
Steadfast Group jumps on $7.7bn takeover offer; SDF remains under bid price
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Steadfast Group jumps on $7.7bn takeover offer; SDF remains under bid price

Steadfast Group Limited shares jumped the most in years after the insurance broker revealed a A$6-a-share cash takeover bid from Amwins Group and Dragoneer Investment Group. The deal comes with a 51.9% premium to Steadfast’s A$3.95 close on June 9. Steadfast’s enterprise value, including debt and equity, is about A$7.7 billion under the offer. Investors got a premium bid after months of stock pressure. Steadfast shares finished Wednesday at A$5.38, up A$1.43, or 36.2%. The stock opened at A$5.23 and touched A$5.38 during the session, according to the company’s investor price page. Shares are still trading about 10% under the proposed cash offer, keeping a discount that indicates the market isn’t pricing the deal as finished.
June 11, 2026