Vital board recommends shareholders accept ‘low’ Tait takeover
Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Vital chair John McMahon.
The board of NZX-listed telco infrastructure company Vital has recommended shareholders accept a full takeover offer for the company at 45 cents a share, despite the price being at the bottom of an independent adviser's valuation of the company.
In May, Christchurch-based Tait Communications said it
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