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Metlifecare takeover gets court approval

Victoria Young
Tue, 20 Oct 2020

A High Court judge has approved the takeover of Metlifecare by EQT’s Asia Pacific Village Group, meaning the rest home operator will be delisted on Nov. 3.  “Taking all relevant factors into account ... I consider the scheme was one that an intelligent business person could reasonably support. Those factors also mean it is fair and equitable that the scheme be permitted to proceed,” Justice Graham Lang said in a 22-page judgment.The ruling delivered this afternoon means Metlifecare shareholders who do not wish to particip...

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