ASX mid-caps attract rising takeover interest, Pendal says
Bitget2026/10/28 00:14- Australian mid-caps are attracting increased takeover interest as cyclical valuation pressures, operational weaknesses and regulatory changes create acquisition opportunities.
- Reliance Worldwide accepted Brookfield's $4.1 billion bid following earnings pressure from US housing weakness and materials inflation.
- Cleanaway agreed to EQT's $9.3 billion takeover, a 34.5% premium to its three-month volume-weighted average price through August 12, 2026.
- Daiichi Life's $7.8 billion bid for Challenger highlights international interest in Australia's annuities market.
- APRA's mid-2026 capital reforms made annuities less capital-intensive, aligning requirements with global standards and increasing the market's appeal to international buyers.
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