Vital presses remaining shareholders to back Tait Communciatons takeover

Vital presses remaining shareholders to back Tait Communciatons takeover
Tait Communications first signalled it wanted to buy Vital in May. (Image: Supplied)
Gregor Thompson
Vital’s board is urging investors to accept Tait Communication’s takeover offer, warning the deal could collapse if the 90% minimum acceptance condition is not met before the mid-September deadline.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.On Friday, the board reiterated its unanimous recommendation, urging shareholders to accept “without delay”.“Tait has confirmed that $...

More Markets

NZ sharemarket starts week down 0.8%
Markets Market Close

NZ sharemarket starts week down 0.8%

The S&P/NZX 50 Index closed at 13,351.92, down 115.34 points or 0.86%.

Graham Skellern 13 Oct 2025
ANZ NZ continues to hold market-leading position: ANZ Group
Finance

ANZ NZ continues to hold market-leading position: ANZ Group

ANZ NZ holds market-leading position, continues re-platforming: ANZ Group 

Staff reporters 13 Oct 2025
Trump's trade war hits the NZX
Markets

Trump's trade war hits the NZX

The kiwi dollar fell to a six-month low against the greenback. 

Rebecca Howard 13 Oct 2025