Metlifecare buyer tries to back out of $1.5b deal
But Metlifecare said the bidder doesn’t have a lawful basis to terminate.
Swedish investment firm EQT is attempting to terminate its $1.5 billion takeover of NZX-listed Metlifecare, but the aged care provider isn’t going down without a fight.
Late in December, the company’s board said it had agreed to the takeover bid at $7 a share – a 38% premium to the
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