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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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Brent Melville Thu, 29 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
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Thumbs up from Arvida; $1.70 bid at lower end of value
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