Takeovers Panel has no objection to Metlifecare scheme

Mon, 19 Oct 2020

The Takeovers Panel has advised Metlifecare it intends to provide the High Court with a "no objection" statement to the company being taken over by Sweden-based EQT.The panel had delayed providing the statement while it considered the objection lodged with the court by shareholder Craig Priscott. The court postponed its hearing from last Thursday to tomorrow, Oct. 20.Metlifecare said if the court issues final orders by the middle of this week, implementation of the scheme should be Nov. 3.Metlifecare shareholders voted in favour of th...

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