Metlifecare’s modest development may be boon in recession

Mon, 08 Jun 2020

Metlifecare’s relatively modest development plans may help insulate the retirement village operator against the worst of the recession, according to an independent assessment. The company is seeking shareholder support at a special meeting on July 10 to continue with litigation against suitor EQT after the Swedish buy-out firm tried to quit a $1.498 billion takeover. Metlifecare tried to force a vote on the $7 per share scheme of arrangement but it’s application for interim orders was rejected by the High Court last week. It now wants...

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