‘Particularly uninformative’: Vital shareholder questions Grant Samuel valuation report

Vital has a national digital radio network. (Image: NZME)

Fri, 11 Jul 2025

A shareholder of Vital says the independent valuation report commissioned for the takeover is “particularly uninformative”. In June, Tait Communications, a Christchurch-based critical communications systems provider, made a formal offer to purchase NZX-listed Vital for 45c per share and 13c per employee option.That was followed last week by a Target Company Statement, which included a report from Grant Samuel & Associates. Matt Goodson, the managing director of Salt Funds Management, which owns 5% of Vital’s sha...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

The Quiz Free

QuiznessDesk, Thursday, Aug 07

Think you're clever enough?

The Quizmaster 9:15am

Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge.

Staff reporters 5:00am

Capital gains tax to solve house-price affordability crisis?

Technology

Hydrogen steel-making pioneers ready for private capital

The process is tailor-made for New Zealand’s iron sands.

Greg Hurrell 5:00am

Hydrogen steel-making pioneers ready for private capital

Sponsored

A decade in, Spark’s AI journey is paying off

The telco’s use of AI offers insights for every Kiwi business.

Spark

Sponsored

Datacom at 60: NZ tech trailblazer eyes the AI future

As it turns 60, Datacom embraces a radical new direction.

Datacom

More Markets

Markets

Radius Care upgrades earnings guidance

Radius Residential Care has upgraded its earnings outlook ahead of its annual shareholders’ meeting on Thursday.The listed aged-care specialist said it now expects underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) for the six months to October to...

Staff reporters 9:25am