Thumbs up from Arvida; $1.70 bid at lower end of value
Grant Samuel report puts value of retirement village firm at between $1.63 and $1.94.
Arvida Queenstown Country Club.
Arvida Group directors have reiterated their support for Stonepeak’s $2 billion offer for the retirement village operator, based on an "assessed value" range which came in at between $1.63 and $1.94 per share.
The offer for 100% of the business by the New York-based alternative investment firm,
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