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Why we must all use the covid tracer app, by Andy Fyers

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Metlifecare court hearing on takeover delayed

Victoria Young
Wed, 14 Oct 2020

Victoria Young
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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Markets Market open
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Exporters like Fisher & Paykel Healthcare and A2 Milk and companies with US exposure such as Pushpay Holdings will be in for a rocky start as global investors turn defensive on rising covid-19 cases and fading US stimulus hopes. “It has been ‘risk off’ start to the week with inve...

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