Metlife investors expect more from Swedish suitor

Metlife investors expect more from Swedish suitor
Jenny Ruth
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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