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Oliver Mander: NZ Shareholders Association spokesperson on honey giant Comvita being offered a takeover bid
Published 10 months ago
Description
Mānuka honey exporter Comvita has received a takeover offer from a subsidiary of Christchurch billionaire Mark Stewart’s Masthead Limited - Florenz.
It's offering 80 cents a share, equalling $56.4 million.
The offer has received unanimous support from Comvita’s board and its two largest shareholders, which own a combined 18.3 percent stake.
Oliver Mander from the NZ Shareholders Association explains what this could mean going forward.
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