Arvida sparks aged sector buying spree
Private equity bid has acted as a catalyst for a re-rating of retirement sector counters, considered significantly undervalued.
Arvida’s Queenstown Country Club.
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Shares in retirement sector stocks Ryman, Oceania, and Summerset continued to track up on the NZX on Tuesday, as a spillover from the $2 billion bid for Arvida from US private equity company Stonepeak.
The biggest gainer across the foursome by early afternoon was Oceania Healthcare, which added 7%
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