Metlifecare shares in trading halt for book build

Mon, 16 Jul 2012

By Hannah Lynch July 17 (BusinessDesk) - Metlifecare, the retirement village operator, has placed its shares in a trading halt while a sell-down by the company's biggest shareholder, Retirement Villages New Zealand, is completed. The book build will satisfy the last condition of Metlifecare's merger with Vision Senior Living and Private Life Care. The deal was approval under the Overseas Investment Act last week and by shareholders at a special meeting in June. Metlifecare will get eight new villages in the merger with Vision and Private Lif...

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