MET - Metlifecare - one for the fundies?

[Jay]

So far Mr Market holding steady around 5.80ish - see how today goes - in general nobody bidding up for $6+ at this point - perhaps all waiting for outcome to the 'negotiation'. I'll be happy with anything around the $6.20ish or more of course

[King1212]

Once bitten twice shy...so Mr market is very cautious this time....

[JohnnyTheHorse]

MET halted on open. No announcement or halt notice yet.

[dabsman]

Can you put a halt on a share without announcing event he halt? If a tree falls in a forest and no one hears it does it make a sound?

Are we going to see a jump in all retirement sector stocks like we did when the deal was announced first time?

[Master98]

trading halt just announced.

[Jay]

One would assume so Ogg

[stoploss]

Can you put a halt on a share without announcing event he halt? If a tree falls in a forest and no one hears it does it make a sound?

Are we going to see a jump in all retirement sector stocks like we did when the deal was announced first time?

It does say this -Hopefully the $ 6.50 knoctout offer afterwards , here's to hoping , it will make the Friday beers taste better.

"MET has requested a trading halt while its Board considers this afternoon a

final position from APVG in connection with its proposed replacement scheme

of arrangement. "

[King1212]

UBS advised their clients yesterday....expecting $6.50

https://www.nzherald.co.nz/business/...ectid=12346401

[dabsman]

I would expect $6.50. Well played APVG got what they want for the price they wanted from the beginning. I really dont mind personally as Ive done well with this one. I do feel bad for the NZX as it is another company gone

[Balance]

Drop dead offer by APVG.

Could be bad news (short term) if MetLife decides to go through with litigation.