Metlifecare objector claims Takeovers Code breaches, lack of info

Metlifecare objector claims Takeovers Code breaches, lack of info
Jenny Ruth
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...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025