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.

LISTEN ABOVE

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.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Oliver Mander: NZ Shareholders Association spokesperson on honey giant Comvita being offered a takeover bid

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1c714db-4b69-41cb-990c-b33d007ce401/transcript