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
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.
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