US consortium ups the ante in battle for Steadfast Group with $7.7b bid priced at a big premium

Steadfast Group (ASX: SDF) has entered into an exclusivity deed with a US consortium that is willing to pay $7.7 billion in cash for a full takeover of the Sydney-based insurance broker network that presents shareholders with a healthy premium to the company's flagging market value.

The…


Click here to view the original article.