Vital presses remaining shareholders to back Tait Communciatons takeover

Tait Communications first signalled it wanted to buy Vital in May. (Image: Supplied)

Mon, 11 Aug 2025

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 $...

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