Marina investor Simon Herbert launches partial takeover bid for Vital

Marina investor Simon Herbert launches partial takeover bid for Vital
Vital provides fibre, digital radio and datacentres. (Image: Freepik)
Rebecca Stevenson
Marina investor Simon Herbert’s Empire Capital intends to launch a partial takeover bid for New Zealand Exchange-listed tech minnow Vital Limited. Empire Capital Trust said on Wednesday it wanted to buy 50.01% of the company and would offer shareholders, who included the Accident Compensation Corporation, 37.5 cents per share. It has asked the VTL board to allow it to complete targeted confirmatory due diligence inquiries before it formally decides to make a takeover offer. With a current market capitalisation of about...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025