New Zealand's Arvida rejects $773 million takeover offer

Arvida

14/12/2023 02:58

Dec 14 (Reuters) - New Zealand's Arvida Group  ARV.NZ 
said on Thursday that it had rejected a NZ$1.24 billion ($773.02
million) takeover offer from an offshore infrastructure fund,
saying it "meaningfully undervalued" the aged-care provider's
intrinsic value.

($1 = 1.6041 New Zealand dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru; Editing by
Subhranshu Sahu)
 ((Aaditya.GovindRao@thomsonreuters.com;))