Metlifecare confident takeover going ahead; Augusta deal canned

Metlifecare confident takeover going ahead; Augusta deal canned
Paul McBeth
Metlifecare says the $1.49 billion takeover bid from European buy-out firm EQT is still on the table, although investors don’t appear to agree, as the shares slumped 19.1 percent. And while Augusta Capital’s $180 million deal is off for now, its shares were only down 4.2 percent. Retirement village operator Metlifecare said it’s still working on the scheme implementation agreement with EQT’s Asia Pacific Village Group, noting that its suitor was weighing up the implications of the covid-19 pandemic and reserving its legal and contractual...

More Property

Tech solution to problem of subbies not being paid
Property

Tech solution to problem of subbies not being paid

He's shifting the way things have been done forever, tradie-turned-techie says.

Maria Slade 21 Jun 2024
Rent row brothel to reopen for business
Property

Rent row brothel to reopen for business

Madam says she has regained occupation in stoush with her high-profile landlord.

Maria Slade 20 Jun 2024
Future 'slum' or much needed downtown apartments?
Property

Future 'slum' or much needed downtown apartments?

Auckland developer converting offices to apartments faces objection from local board.

Oliver Lewis 20 Jun 2024
Property syndicates suffer vacancies, unwilling banks
Property

Property syndicates suffer vacancies, unwilling banks

Maat investments is seeking new funders and trying to raise more capital, documents show.

Maria Slade 19 Jun 2024