Steadfast Group wins court approval: shareholders vote on AUD 6.00 offer for Steadfast Group stock
Published on 10/25/2026 at 00:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTakeover timetable and operating scale
- Steadfast received court approval for a AUD 6.00 cash offer on October 23, 2026.
- Fiscal year 2026 revenue increased 15.30 percent to AUD 2.10 billion.
- Steadfast had an AUD 6.5 billion market capitalization as of October 23, 2026.
Steadfast Group (ISIN AU000000SDF8) received court approval on October 23, 2026, for shareholders to vote on a AUD 6.00 cash takeover offer. Insurance News reported that the board supports the transaction and that the vote is scheduled for November 27, 2026.
Takeover terms set the timetable
The offer would transfer Steadfast's retail brokerage business to Dragoneer Investment Group and KKR, while Amwins Group would acquire the underwriting agencies, according to Insurance Business on October 24, 2026. The transaction is valued at AUD 7.7 billion in the report.
What does the offer mean for value?
Capital Brief said on October 23, 2026, that Kroll Australia valued Steadfast shares at AUD 5.44 to AUD 6.09 on a controlling-interest basis. The AUD 6.00 offer therefore sits inside that range.
Three milestones shape the deal
On August 25, 2026, Steadfast's fiscal year 2026 revenue rose 15.30 percent to AUD 2.10 billion, while underlying EBITDA increased 13.80 percent to AUD 669.8 million, according to EODHD. On October 5, 2026, Steadfast disclosed 9,139 unquoted securities under its employee incentive plan, as reported by The Globe and Mail. On October 23, 2026, the court approved the shareholder meeting for the AUD 6.00 offer.
Dates for shareholders
The scheme booklet is expected to reach shareholders on October 26, 2026, and the shareholder vote is scheduled for November 27, 2026, according to Insurance News. Implementation is expected on December 22, 2026.
ASX valuation remains visible
Steadfast had an AUD 6.5 billion market capitalization and an AUD 3.87 to AUD 6.67 52-week range as of October 23, 2026. The ASX quote was last at AUD 5.81 on October 23, 2026, at 4:10 p.m. AEDT.
The further course of trading is shown by the continuously updated real-time quote of Steadfast Group stock.
Steadfast Group key facts
- Company: Steadfast Group Limited
- ISIN: AU000000SDF8
- Ticker: SDF
- Primary exchange: ASX
- Market capitalization: AUD 6.5 billion (as of October 23, 2026)
- 52-week range: AUD 3.87-6.67 (as of October 23, 2026)
- Sector / Industry: Insurance brokerage and agencies
Market context: Market report S&P/ASX 200.
