Peace breaking out in Metlifecare stoush?

Mon, 06 Jul 2020

The Metlifecare takeover by Swedish investor EQT appears to be back on track, but at $6 rather than $7 a share, in a move that could avoid a costly, prolonged legal battle over EQT's attempt to welch on the deal. EQT's Asia Pacific Village Group delivered a revised non-binding indicative offer to the Metlifecare board yesterday afternoon, with chairman Kim Ellis saying that its largest single shareholder, the New Zealand Superannuation Fund at 19.9 percent, was "broadly supportive of Metlifecare urgently progressing APVG's NBIO" and deferrin...

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