Arvida shares climb 55% on Stonepeak’s $2b offer
UPDATE: Transaction confirms underlying value for publicly traded retirement village and aged care businesses, analyst says.
Arvida chair Anthony Beverley.
Arvida led the NZX higher on Monday, jumping 55.3% to $1.60 after announcing it had entered into an agreement to sell 100% of the business to alternative investment firm Stonepeak at an offer price of $1.70 per share.
The board of the retirement village operator said it had unanimously recommended
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