Metlifecare court hearing on takeover delayed

Metlifecare court hearing on takeover delayed
Victoria Young
The $1.28 billion Metlifecare takeover by Swedish firm EQT has hit yet another snag as the High Court at Auckland has delayed its hearing on whether the deal can proceed.  The move follows the Takeovers Panel’s decision to defer a statement on whether it believes the deal should go ahead.Shareholders have already approved the $6 per share offer, which replaced an earlier $7 per share offer after EQT withdrew, claiming the coronavirus crisis represented a material adverse change.The Overseas Investment Office greenlighted the deal bac...

More Law & Regulation

Three ex-LG NZ staff guilty of destroying evidence in anti-competitive investigation
Law & Regulation

Three ex-LG NZ staff guilty of destroying evidence in anti-competitive investigation

Two former managers of LG New Zealand who pleaded guilty for their involvement in destroying evidence during an investigation into potential anti-competitive conduct can now be named.Dowan Kim, the former country manager of LG NZ, and Nicholas Clarke, a former LG key account mana...

FNZ employee shareholders file class action
Law & Regulation

FNZ employee shareholders file class action

They claim to have $4.5 billion wiped off their shareholding. 

Damien Grant 'stacked creditor vote', US lender claims
Property

Damien Grant 'stacked creditor vote', US lender claims

Ormiston Rise funder Arena is taking court action to have the liquidator removed.

Employers behaving badly
Law & Regulation

Rachael Judge: Employers behaving badly

The consequences can be significant for employers.

Rachael Judge 22 Apr 2025