Macquarie Bank and FKP Property Group yesterday declared their $340 million takeover offer for Metlifecare unconditional after the retirement home operator's two largest shareholders, Cliff Cook and Todd Capital, accepted the $3.90 a share offer.
Metlifecare independent directors yesterday told investors not to sell until an independent assessment was made of the offer.
Metlifecare's other major shareholder - Fisher Funds - is staying mum until it sees this report, but may elect to hold out for a higher price.
Metlifecare offer goes unconditional
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