Dec 30 (Reuters) - New Zealand’s Metlifecare Ltd on Monday said it had entered into an initial deal to be acquired for about NZ$1.49 billion ($996.07 million) by a Luxembourg-based investment fund manager.
The retirement village operator said its shareholders will get NZ$7 per share under the agreement from Asia Pacific Village Group Ltd, which is owned by a fund managed by EQT Fund Management S.à r.l.
The offer price represents a premium of 9.7% to Metlifecare shares’ closing price of NZ$6.38 on Dec. 20, before its stock was placed on a trading halt. ($1 = NZ$1.4959) (Reporting by Rashmi Ashok in Bengaluru; editing by Nick Macfie)
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