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Will Arvida Group's stock price increase by at least 10% by August 31, 2024, following the takeover announcement?
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Story
New Zealand's Arvida Group Agrees to $746 Million Takeover by Stonepeak, Aided by Goldman Sachs
Jul 21, 2024, 09:32 PM
New Zealand's Arvida Group has agreed to a $746 million takeover by investment firm Stonepeak. The deal values the aged care provider at NZ$1.24 billion ($745.74 million) excluding debt. Stonepeak will acquire Arvida Group for $1.03 (NZ$1.70) per share in a transaction worth $1.25 billion (NZ$2 billion). Goldman Sachs is aiding Stonepeak in this acquisition.
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