Metlifecare accepts conditional $1.5b bid from unnamed buyer
Two parties sought retirement village operator.
The trading halt in shares of retirement village operator Metlifecare has been extended until Monday pending approval of a $7 a share takeover bid from an unnamed buyer.
The bid values the retirement village operator at $1.49 billion, a 9.7% premium to the $6.38 share price when the trading halt
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