Takeover offer made to VINZ shareholders

1:40 PM Wednesday Jan 9, 2013

JEVIC NZ says it sent out offer documents for its $4.1 million takeover of Vehicle Inspection New Zealand (VINZ) today.

The cash offer is for all the shares in VINZ at $1.65 per share.

The offer opened today and closes on February 13.

JEVIC NZ is part of the global Japan Export Vehicle Inspection Center group.

VINZ, whose shares trade on the Unlisted trading platform, has over 150 qualified inspectors, technicians and support staff.