Vital rejects due diligence request from Simon Herbert's Empire Capital

Vital provides fibre, digital radio and datacentres. (Image: Freepik)

Fri, 16 Aug 2024

New Zealand Exchange-listed tech company Vital has rejected Empire Capital's request for due diligence access to facilitate a potential partial takeover offer.Empire is owned by Auckland property developer Simon Herbert, who views Vital’s fibre and mobile telephony businesses as a good fit with Empire’s datacentre business.In an NZX statement on Friday morning, Vital said its board received an unsolicited, non-binding, indicative and incomplete proposal on Monday regarding a potential partial takeover offer from Empire to acquir...

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