Metlifecare court hearing on takeover delayed

Wed, 14 Oct 2020

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...

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