EQT hits back as Metlifecare deal dispute heats up

Tue, 28 Apr 2020

The dispute between Swedish private equity firm EQT and Auckland resthome operator Metlifecare is heating up, with EQT issuing an aggressively negative assessment of Metlifecare's prospects as it seeks to cancel a $1.49 billion takeover deal initiated in late December, before the covid-19 crisis hit.EQT subsidiary Asia Pacific Village Group issued a statement this morning saying it is cancelling the scheme of arrangement, claiming the value Metlifecare's net tangible assets "has declined well in excess of $200 million due...

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