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

Council puts Aussie firms ahead of local experience
Infrastructure

Council puts Aussie firms ahead of local experience

Auckland mayor says council procurement 'doesn’t align' with private practice.

Housing: NZ will be 15,000 short this year - BNZ
Property

Housing: NZ will be 15,000 short this year - BNZ

Construction sector capacity constraints were cited as the reason for the shortfall.

Brent Melville 28 Feb 2024
Solid result for Summerset on revaluation gains
Property

Solid result for Summerset on revaluation gains

Net profit was second highest in its history, after portfolio revaluations rose 64%

Staff reporters 26 Feb 2024
Goodman to pay $290m to bring management in-house
Property

Goodman to pay $290m to bring management in-house

Performance fees cut, but long-term staff incentives will be retained under proposal.

Brent Melville 26 Feb 2024