MET - Metlifecare - one for the fundies?

[BlackPeter]

$7.00 bid was announced on 30 December 2019. Just over three weeks on no improved bid has emerged and no announcement has bene forthcoming from the company as to which party is to prepare the so called "independent" appraisal report. Hmmmm

To be fair - most decision makers are probably only since Monday back at their desks. Plenty of time to go anyway until takeover meeting - and on top of that it might not be the best strategy for somebody with a competing bid to show their cards to early ...

While shareholders would be interested in a bidding war, the same might not be the case for the people who want to make an offer ...

[macduffy]

$7.00 bid was announced on 30 December 2019. Just over three weeks on and no improved bid has emerged and no announcement has bene forthcoming from the company as to which party is to prepare the so called "independent" appraisal report. Hmmmm

It's probably all over bar the shouting but I'm an ardent fan of a possible contest - so I'll sit for now on my small stake.

[Beagle]

To be fair - most decision makers are probably only since Monday back at their desks. Plenty of time to go anyway until takeover meeting - and on top of that it might not be the best strategy for somebody with a competing bid to show their cards to early ...

While shareholders would be interested in a bidding war, the same might not be the case for the people who want to make an offer ...

Fair comment mate. On a trip the other day one of the grandkids in the back seat asked the same age old question that's been asked by generations of kids since the automobile was invented. "Are we there yet" ? I couldn't help myself and replied "if we were there I wouldn't still be driving" but quickly followed it up with "we're two thirds there" understanding that all she really wanted was a progress update. Suppose I'm not much better than my granddaughter lol

[Beagle]

It's probably all over bar the shouting but I'm an ardent fan of a possible contest - so I'll sit for now on my small stake.

There might be some barking to be done as well so I will keep my half stake because I love a good opportunity to have a bloody good grizzle

[Onion]

There might be some barking to be done as well so I will keep my half stake because I love a good opportunity to have a bloody good grizzle

I love the honesty Beagle

[RupertBear]

Well for what its worth Craigs dont believe they will get a better Take Over offer, they also have concerns the transaction may not get OIO approval

[Beagle]

Well for what its worth Craigs dont believe they will get a better Take Over offer, they also have concerns the transaction may not get OIO approval

Control over a LOT of land and housing would pass and I also hold reservations that OIO approval is a certainty. No issues if SUM other N.Z. company makes a better offer though

[kiwico]

Control over a LOT of land and housing would pass and I also hold reservations that OIO approval is a certainty. No issues if SUM other N.Z. company makes a better offer though

Possible still an issue even if bought by SUM other company due to the likely number of overseas investors in SUM. You might recall Fletchers applied to the OIO for residential property reasons despite being an NZ company.

[winner69]

Control over a LOT of land and housing would pass and I also hold reservations that OIO approval is a certainty. No issues if SUM other N.Z. company makes a better offer though

SUM seem to get OIO approval for land purchases


Overseas ownership % likely reduced lately with Beagles stake getting bigger.

[winner69]

So were the 10% sold to ‘friendly’ parties or those hoping to do better

http://nzx-prod-s7fsd7f98s.s3-websit...373/315538.pdf