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Metlifecare buyer has right to cancel – and may do so

Share price drop indicates market thinks $1.5b deal will be called off.

The buyer Metlifecare had lined up to buy its business has the right to terminate if there is a material adverse change – and this may be acted on.

The listed retirement village operator had previously assured the market it had no reason to believe the scheme conditions would not be

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Calida Stuart-Menteath Thu, 26 Mar 2020
Contact the Writer: calida@nbr.co.nz
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Metlifecare buyer has right to cancel – and may do so
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