PE firm EQT makes new $837m bid to acquire NZ's Metlifecare

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.

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