Delegat's offer for Oyster Bay unconditional

Delegat's Wine Estate's offer for Oyster Bay Marlborough Vineyards has reached 90% by today's deadline and is now unconditional.

Delegat's owned 54.9% of Oyster Bay before launching a takeover offer, and has raised the price of its bid to $2.08 a share from $1.80.

Oyster Bay shareholders were warned that a substantial rights issue may have been required if the offer fell short of 90%, to satisfy bankers who granted a waiver for a breach of banking covenants until the end of December.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FPH 2026 Notice of Annual Meeting and Voting Form
CNU - Q4 FY26 Connections Update
SPK - Spark announces appointment of Chief Operating Officer
SKC - Asset Monetisation Programme Update - The Grand Hotel
VCT - Full year results date & investor webcast details
ANZ - Air New Zealand 2026 Annual Results Webcast Details
SKC - Asset Monetisation Programme Update
July 17th Morning Report
MEL - Meridian Energy monthly operating report for June 2026
Devon Funds Morning Note - 15 July 2026