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Metlife chairman will vote against takeover, cites NZ Super pressure

Kim Ellis sets out his reasons for being the lone dissenter in scheme booklet.

Metlifecare chairman Kim Ellis will vote against the scheme of arrangement takeover by Asia Pacific Village Group and claimed major shareholder NZ Super Fund tied the board’s hands to negotiate a higher price.

The offer price is $6 a share, down from $7 in the original scheme agreement made in

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Calida Stuart-Menteath Thu, 03 Sep 2020
Contact the Writer: calida@nbr.co.nz
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Metlife chairman will vote against takeover, cites NZ Super pressure
General Business,
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