Vital takeover coming down to wire, ACC still to make a move

Tait says it will not waive the 90% minimum acceptance condition. (Image: Supplied)

Thu, 04 Sep 2025

With just over a week left until the deadline and the Accident Compensation Corporation still to make a move, time is running out for Vital shareholders hoping to sell.The Tait Communications offer, which values Vital at about $18.7 million, is due to lapse on Sep 12 if acceptances fall short of the 90% threshold. If Tait crosses the threshold, it can compulsorily acquire the remaining shares, taking the company private.So far, Tait has secured backing for more than 67.9% of Vital’s shares, including commitments from the company’s d...

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