Jilted Metlifecare digs in for stoush with absconding bidder

Jilted Metlifecare digs in for stoush with absconding bidder
Pattrick Smellie
Retirement village operator Metlifecare is digging in to insist that Asia Pacific Village Group complete its $1.49 billion takeover deal and is appointing legal counsel in a sign it is willing to take the issue to court.The Auckland-based firm is rejecting APVG's attempt to abandon the scheme of arrangement announced in late December, based on a claim that the covid-19 crisis has triggered material adverse change clauses and that Metlifecare failed to consult with it over operational changes required by the government-ordered...

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