Macquarie Bank and FKP Property not so predatory

Macquarie Bank and FKP Property Group's $341 million bid to take control of retirement village operator Metlifecare looks to be less in danger than originally anticipated.

A mystery buyer was thought to have acquired a 2 per cent stake at a price above the $3.90 offered by the predators. It now appears the stake is close to 0.11 per cent. Metlife's shares closed yesterday down 2c at $3.88.