JENNY RUTH: Playing hardball with Metlifecare valuations

Fri, 04 Sep 2020

Value, like beauty, is in the eye of the beholder, or at least that's what it looks like when considering Sweden-based EQT's takeover offer for Metlifecare.EQT wants to convince Metlifecare shareholders their shares are worth $6 now, 50 cents lower than it was offering on Dec.19 last year and $1 less than the $7 it was persuaded to offer by Dec. 30 — and that's all because of the impact of the coronavirus crisis. KordaMentha, now Calibre Partners, has valued Metlifecare twice this year and came up with the same valua...

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