Metlifecare seeks shareholder support for action against ex-suitor, EQT

Tue, 02 Jun 2020

Metlifecare will seek shareholder support to pursue litigation against its former suitor after the High Court rejected an application that would have preserved a shareholder vote on the teetering $1.5 billion takeover. The retirement village operator and developer is suing EQT and its Asia Pacific Village Group unit over the Swedish buyout firm’s decision to back out of the deal, citing the impact of the covid-19 pandemic on Metlifecare's prospects. Metlifecare petitioned the High Court to let it proceed with a shareholder vote on the sc...

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