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Vital says Empire appealing over withdrawn takeover bid costs

Takeovers Panel determination earlier this month ordered Empire to reimburse NZX-listed Vital nearly $250,000.

Vital provides telco services, such as access to wholesale fibre and digital microwave networks.

Will Mace Mon, 24 Mar 2025

Telco infrastructure company Vital says a would-be acquirer that was ordered by the Takeovers Panel to reimburse it nearly $250,000 in costs has lodged an appeal with the High Court.

In August, Empire Capital – which is controlled by marina and property developer Simon Herbert – filed a takeover

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Will Mace Mon, 24 Mar 2025
Contact the Writer: william@nbr.co.nz
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Vital says Empire appealing over withdrawn takeover bid costs
Investment,
108387
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