Stoush between Vital and Empire Capital continues

Stoush between Vital and Empire Capital continues
Simon and Paula Herbert were keen on Vital. (Image: NZME)
Rebecca Howard
Vital said it will “strenuously defend” High Court proceedings filed by Empire Technology, an affiliate of Empire Capital. According to investor Simon Herbert’s Empire, the action “arises from Vital’s failure to inform the market about material information that would have critically influenced Empire Capital’s decision to pursue a partial takeover offer”.In August 2024, Empire announced its intention to make a partial takeover offer for 50.01% of Vital’s shares, based on publicly availab...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

Jamie Gray 28 Nov 2025
The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Staff reporters 28 Nov 2025
Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Andy Macdonald 28 Nov 2025
New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...

Ian Llewellyn 28 Nov 2025