OIO greenlights EQT's takeover of Metlifecare

Mon, 14 Sep 2020

The Overseas Investment Office has greenlighted Sweden-based EQT's $1.28 billion takeover of Metlifecare.Shareholders are to vote on EQT's offer via a scheme of arrangement at a special meeting on Oct. 2. The vote, which requires shareholders owning at least 50 percent of Metlifecare's shares to vote in favour as well as at least 75 percent of the shares voted, is now the last hurdle before the scheme goes to the High Court for approval.Metlifecare's largest shareholder, the New Zealand Superannuation Fund, has pledged to s...

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