Comvita

Honey product manufacturer and exporter Comvita has been under pressure from short supplies but remains confident it can boost second-half earnings to better last year's $95.9 million revenue.

The hostile $71 million takeover bid by Singaporean food giant Cerebos for listed New Zealand honey-based product manufacturer Comvita has lapsed.

Shareholders in New Zealand honey products company Comvita have 45 days to consider a hostile $71.6 million bid by Singapore-based food giant Cerebos.

The hostile $71.6 million takeover bid for honey-based manufacturer Comvita has seen a sustained gain in its share value, elevated well beyond the $2.50 offer from the Singaporean-based food manufacturer, Cerebos.

Natural healthcare company Comvita has posted a more than six-fold improved profit for the year, defying a global economic downturn and shrinking debt.