Tait Communications launches takeover bid for Vital Limited

Vital Limited (NZX:VTL) announced that it has received a formal takeover notice from Tait International Limited. The offer, under Rule 41 of the Takeovers Code, aims to acquire all equity securities in VTL, including ordinary shares and employee options, for NZD $0.45 per share. The VTL Board is advising shareholders to hold off on any actions regarding their shares until a formal Target Company Statement is issued within ten working days of the offer. This statement will include an Independent Adviser's Report and a formal Board recommendation. Vital has appointed Cameron Partners as investment banking advisors, Harmos Horton Lusk as legal advisors, and Shanahan Partners for PR and communications. The takeover notice was officially issued on June 5, 2025, although an initial announcement was made on May 5, 2025, with this later announcement amending the initial announcement posting date.