Vital board backs Tait takeover despite low price

Vital manages fibre and radio networks for businesses and government entities. (Image: File)

Fri, 04 Jul 2025

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical communications systems provider, had declared its intention to buy out the firm.A month later, Tait made a formal offer to purchase NZX-listed Vital for 45c per share and 13c per employee option.On Friday, Vital released a Target Company Statement in response to the tak...

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