No change in Metlifecare's independent valuation

Thu, 03 Sep 2020

The independent valuation of Metlifecare shares hasn't changed, despite Swedish suitor EQT lowering its offer price to $6 per share from $7 previously, using the coronavirus crisis as its excuse. Calibre Partners, formerly KordaMenta, valued the shares between $5.80 and $6.90 and said the $6 takeover offer price is at the lower end of the range, but is "reasonable." EQT pulled its $7 per share offer in April. Metlifecare had begun legal action to force it to honour the original agreement, but ended that action after EQT made the new $6 pe...

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