Metlifecare hires Jarden to help with suitor

Tue, 26 Nov 2019

Metlifecare has hired Jarden to help with the unsolicited and what it calls unsatisfactory offer, despite describing the offeror as a credible buyer. The retirement village operator and developer hired Jarden to advise it and has set up various working groups within the company, it said in a statement. Metlifecare said it didn't anticipate another update for at least the next two weeks. Last week, Metlifecare said it suspended its $30 million share buyback programme and started talking to the bidder. It said it received a highly conditi...

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