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:

VHP - Half year results announcement date and webcast details
Devon Funds Morning Note - 30 January 2026
AIA - Auckland Airport new board appointment
General Capital (GEN:NZ) Subsidiary General Finance Update
January 30th Morning Report
January 29th Morning Report
VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025