Marina investor Simon Herbert launches partial takeover bid for Vital

Vital provides fibre, digital radio and datacentres. (Image: Freepik)

Wed, 14 Aug 2024

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...

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