Metlifecare stoush will be difficult and expensive, court told

Thu, 28 May 2020

Metlifecare says its upcoming court showdown with EQT and subsidiary Asia Pacific Village Group will be “difficult and expensive” as it makes legal moves to proceed with the $1.5 billion takeover deal.The NZX-listed retirement village operator today argued before Justice Graham Lang that shareholders should vote on the takeover scheme, which the Swedish private equity firm has already said it wants out of.Metlifecare has rejected APVG’s grounds for termination, and wants to get on with the deal, which prices its shares at $7 a...

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