Jilted Metlifecare digs in for stoush with absconding bidder

Mon, 20 Apr 2020

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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