Metlifecare and EQT enter new $6 per share takeover agreement

Jenny Ruth
Fri, 10 Jul 2020

Jenny Ruth
Fri, 10 Jul 2020
Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of the company's six directors are supporting the offer. The new price values Metlifecare at $1.28 billion, down from the $1.49 billion value of the earlier offer. Metlifecare's largest shareholder, the New Zealand Superannuation Fund, has agreed to vote in favour of the scheme of arrangement. Trading in Metlifecare shares was halted until near th...
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