Jevic ups VINZ offer, government policy affects valuation

Fri, 25 Jan 2013

Jan. 25 (BusinessDesk) - Vehicle inspectors Jevic New Zealand has upped its offer for all the shares of Vehicle Inspection New Zealand (VINZ) to a level that has won approval of directors who can’t see a competing offer eventuating. Jevic has increased its offer to $2.15 a share from the $1.65 a share, valuing VINZ at $5.4 million. The new offer is being unanimously recommended by directors who are accepting it on behalf of their own holdings. Chairman Ken Worsley said $2.15 a share was a fair price in the current extremely uncertain regulat...

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