Metlifecare investor’s stake to be sold at 2.2% discount after bookbuild

Tue, 17 Jul 2012

By Hannah Lynch July 18 (BusinessDesk) - Metlifecare, the retirement village operator, has completed the bookbuild for the selldown of shares by its biggest shareholder, Retirement Villages New Zealand, at a 2.2 percent discount to their last trading price. The bookbuild was set at $2.20 apiece compared to Metlifecare's closing price yesterday of $2.25. It reduces RVNZ’s holding in the company to 43.2 percent. The bookbuild satisfies the final condition for Metlifecare's merger with Vision Senior Living and Private Life Care and has already...

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