Masthead takes over

The Vertex takeover saga wrapped up yesterday with the closure of Masthead's $2.09-a-share offer which delivered 100 per cent of the plastics packaging group to the Stewart family of Christchurch. Vertex will be delisted, ending a brief stint on the market since listing in 2002.

Masthead had said it planned to merge Vertex with rival company Alto Plastics, of which it owns a majority stake.