Metlife investors expect more from Swedish suitor

Wed, 08 Jul 2020

At least some of Metlifecare's institutional shareholders are opposed to the board accepting the non-binding $6 per share offer from Sweden's EQT. The new offer is well below EQT's first bid of $6.50 per share and the $7 offer Metlifecare's board parlayed EQT up too before the coronavirus crisis hit. The company's net tangible assets per share also happened to be $7 at Dec. 31 and the last time NTA was below $6 was in 2016. "Supporting a bid under NTA looks really difficult," said Matt Goodson, joint managing director at Salt Funds Man...

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