Swedish private equity firm EQT AB has again offered to acquire New Zealand’s Metlifecare, after expressing intent to terminate the deal in April, but at a lower takeover bid of NZ$1.28 billion ($837 million).
In a statement, Metlifecare said it received the non-binding indicative offer (NBIO) from Asia Pacific Village Group (APVG), a unit of EQT, to acquire all its shares at NZ$6 per share in cash. The price is lower than the NZ$7 per share that APVG offered by way of a scheme agreement in December 2019.
