Vital shares jump after Tait Communications declares buyout intent

Tait Communications is based in Christchurch. (Image: Creative Commons)

Tue, 27 May 2025

Vital shares rallied after it was disclosed that Tait Communications had declared its intention to take it over. Tait Communications, a Christchurch-based critical communications systems provider, has offered 45 cents per share (cps) in a move that would see the private company expand its domestic footprint in New Zealand’s telecommunications sector.The all-cash offer represents a 64% premium over Vital’s last traded price of 27.5 cents before the trading halt on Monday.'A formal takeover notice'Vital has 41,548,318 sha...

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