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15 Nov 2025 12:53
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  •   Home > News > Business

    New Zealand's largest manuka honey producer's voted down a richlister takeover bid - leaving its fate in limbo

    New Zealand's largest manuka honey producer's voted down a richlister takeover bid - leaving its fate in limbo

    14 November 2025
    Comvita received an offer of 80-cents-per-share in August from Florenz - a subsidiary of Christchurch billionaire Mark Stewart's Masthead Limited.

    BusinessDesk reports the deal's now dead in the water - after it failed to get enough shareholder support at today's special meeting in Auckland.

    That's despite Comvita's board and it's two largest shareholders backing it.

    Now the company's turning its attention to executing a capital raise - with the board intending to advise on the option before year-end.

    © 2025 Newstalk ZB, NZCity


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     14 Nov: Historically low migration figures are telling the story of our labour market
     13 Nov: The Finance Minister's being urged to take urgent and decisive action on our banking sector
     13 Nov: The net migration gain annually to September was the lowest for a September year in more than a decade - excluding the pandemic years
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    Food price inflation's heading back up again with supply costs increasing at an accelerated pace More...



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