Shareholder tries to block Metlifecare sale

Shareholder tries to block Metlifecare sale
Jenny Ruth
A shareholder has lodged an objection with the High Court to Sweden-based EQT's $1.28 billion scheme of arrangement to take over Metlifecare.Takeovers Panel chief executive Andrew Hudson confirmed the objection to the $6 per share scheme was lodged yesterday.On Friday, shareholders voted to approve the scheme. Of the shares voted, 90.7 percent were in favour and they represented nearly 70 percent of the shares on issue, more than satisfying the legal thresholds for the scheme to succeed.But nearly 15 million shares were voted against the sc...

More Property

Fast-track friction over Ōrewa housing development
Policy

Fast-track friction over Ōrewa housing development

Watercare says it may not service the proposed 1200-home development.

Oliver Lewis 11 Jul 2025
Ryman, Summerset unshaken by Victoria fee crackdown
Property

Ryman, Summerset unshaken by Victoria fee crackdown

A Victorian tribunal has ruled that Lifestyle Communities' fees are void.

Gregor Thompson 10 Jul 2025
Firm liquidated after dispute with Wallace family
Property

Firm liquidated after dispute with Wallace family

A land deal ended up in the courts, and ‘lengthy litigation’ ensued.

Gregor Thompson 10 Jul 2025
Getting to the bottom of CBD vacancies
Retail

Getting to the bottom of CBD vacancies

Hybrid working patterns are reportedly a factor in retail vacancy rates.

Gregor Thompson 08 Jul 2025