Delegat's tops up Oyster Bay bid

Delegat's Wine Estate is increasing the price of its bid for all of the shares in Oyster Bay Marlborough Vineyards to $2.08 from $1.80 a share.

Delegat's owned 54.9 per cent of Oyster Bay before last month giving notice of a bid to offer $1.80 a share cash or one Delegat's Group share for every Oyster Bay share.

Oyster Bay shares closed unchanged yesterday at $1.85.