Property

Metlifecare confident takeover going ahead; Augusta deal canned

Paul McBeth
Thu, 26 Mar 2020

Metlifecare says the $1.49 billion takeover bid from European buy-out firm EQT is still on the table, although investors don’t appear to agree, as the shares slumped 19.1 percent. And while Augusta Capital’s $180 million deal is off for now, its shares were only down 4.2 percent. Retirement village operator Metlifecare said it’s still working on the scheme implementation agreement with EQT’s Asia Pacific Village Group, noting that its suitor was weighing up the implications of the covid-19 pandemic and reserving its legal and contractual...

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