Aged care provider Metlifecare has filed a statement of claim in the High Court to enforce a $1.5 billion sale of the company after the buyer backed out.
The $7 a share deal was structured as a scheme of arrangement, requiring a 75% shareholder vote rather than the 90% needed in a takeover.
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
