VINZ reiterates don’t sell notice ahead of independent report

Thu, 17 Jan 2013

Jan. 18 (BusinessDesk) – Vehicle Inspection New Zealand (VINZ) is reiterating its don’t sell notice to shareholders, saying an offer from Jevic New Zealand is opportunistic, Jevic, a company that pre-vets imported used vehicles, has offered to buy all the shares of VINZ at $1.65 each, valuing the target at $4.1 million. VINZ chairman Ken Worsley said a report from an independent adviser and the board’s response to the offer were being reviewed by the Takeovers Panel. “Once the Takeovers Panel has vetted these vital documents, we will dispatc...

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