Metlifecare merger with Vision Senior, Private Life Care deemed fair to minorities

Mon, 04 Jun 2012

June 05 (BusinessDesk) - Metlifecare’s proposal to merge with Vision Senior Living and Private Life Care Holdings is fair to the rest home operator’s minority shareholders, according to an appraisal report by Northington Partners. Under a deal that will deliver eight new rest homes for the company, VSL's private equity shareholders Goldman Sachs and Arrow International will receive 13 million shares with the prospect of a further 7 million shares within 28 months if the stock reaches a target of $3, a level it hasn’t traded at since November...

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