MET - Metlifecare - one for the fundies?

[peat]

All going to plan

No worries

http://nzx-prod-s7fsd7f98s.s3-websit...228/316456.pdf

funny that they speculate as to the purchasers intentions.
maybe the purchasers want to block!
because MET only has no reason to believe that the SIA will not be strongly supported by shareholders

[dabsman]

funny that they speculate as to the purchasers intentions.
maybe the purchasers want to block!
because MET only has no reason to believe that the SIA will not be strongly supported by shareholders

Very strange comments talking about trading patterns on the stock - why would they add this? Not like this board is expert at anything - cant even sell their own business competently. They certainly shouldn't become market commentators...

[Beagle]

Very strange comments talking about trading patterns on the stock - why would they add this? Not like this board is expert at anything - cant even sell their own business competently. They certainly shouldn't become market commentators...

Agreed. Bunch of muppets and I wouldn't trust the KordaMentha report to be truly independent either. Looks like this sail boat is on a slow journey to oblivion and I am glad for myself I ended this fiasco early.

[moimoi]

Takeover waived through unimpeded

Speculators told to bugger off by the Chair

Price discovery / tension for companies under offer appears to be nil these days

Hope wording of the "fixed fee for life" agreements Residents signed up to survives the change of ownership

[winner69]

Beagle will getting his coffee made in time to watch this

http://nzx-prod-s7fsd7f98s.s3-websit...342/316581.pdf

[Beagle]

Certainly will take an interest but busy sniffing out another opportunity or two at present.

[Bjauck]

Is the EQT a done deal now or could EQT unilaterally back down if there is a pandemic or if Coronavirus fears see a further correction in sharemarket prices?

[Beagle]

Is the EQT a done deal now or could EQT unilaterally back down if there is a pandemic or if Coronavirus fears see a further correction in sharemarket prices?

The full scheme agreement is here http://nzx-prod-s7fsd7f98s.s3-websit...608/314714.pdf
Have a look at clause 14.1 Bidder may terminate the agreement....
and in particular 14.1 (c) a material adverse change occurs

I have sold so its beyond my brief to try and make a call on whether a world-wide pandemic might lead to "a material adverse change"...but I would have thought there's at least some chance it might...suppose it depends if a pandemic occurs and how bad the economic effects are on MET ?

[Bjauck]

The full scheme agreement is here http://nzx-prod-s7fsd7f98s.s3-websit...608/314714.pdf
Have a look at clause 14.1 Bidder may terminate the agreement....
and in particular 14.1 (c) a material adverse change occurs

I have sold so its beyond my brief to try and make a call on whether a world-wide pandemic might lead to "a material adverse change"...but I would have thought there's at least some chance it might...suppose it depends if a pandemic occurs and how bad the economic effects are on MET ?

Thanks. A "material adverse change" seems quite a broad and undefined. Does the material change have to relate specifically to Metlifecare or could a broader market or economy-wide material change be adequate justification to terminate...

[Beagle]

Thanks. A "material adverse change" seems quite a broad and undefined. Does the material change have to relate specifically to Metlifecare or could a broader market or economy-wide material change be adequate justification to terminate...

Good question.