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Property

Metlifecare objector claims Takeovers Code breaches, lack of info

Jenny Ruth
Mon, 12 Oct 2020

Jenny Ruth
Mon, 12 Oct 2020
The shareholder objecting to the $1.28 billion Metlifecare takeover said his grounds revolve around the failure of Metlifecare to publish key assumptions underpinning various valuations and forecasts and the fact that much of this information was "stale."These stale key assumptions undervalued Metlifecare and meant shareholders "could not make a fully-informed decision as to the merits of the Metlifecare scheme," the objector said.Craig Priscott owns 1,000 Metlifecare shares through his company ResIL and said he is mounting...

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