VINZ board accept higher JEVIC offer – say sell

VINZ chairman Ken Worsley says the revised offer provides shareholders with certainty.

“We believe the offer is fair and realistic and represents certain and immediate value for VINZ shareholders in an otherwise uncertain time for the vehicle inspection industry,” says Worsley.

“The Directors of VINZ endorse the offer and unanimously recommend that shareholders accept it without further delay.”

JEVIC says it increased its offer based on the independent advisors’ report released this week – which the firm says included more detailed information than it initially had access to.

“The Independent Adviser had access to more detailed information than the public records available to us when we made our initial offer,” says Euan Philpot, chief executive of JEVIC NZ.