Vital recommends shareholders accept Tait takeover

Vital has announced that its board of directors has recommended shareholders and option holders accept the takeover offer from Tait International.

Tait is offering to acquire all of Vital's shares for $0.45 per share and all employee options for $0.13 per option.

The recommendation is included in Vital's Target Company Statement, which was released today.

The statement also features an independent adviser's report by Grant Samuel, which assessed the value of Vital's shares to be between $0.44 and $0.69 each, and the value of the options to be between $0.12 and $0.37 each.

Shareholders and option holders are encouraged to carefully read the Target Company Statement and seek independent financial advice before making any decisions regarding the offer.