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

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024