A shareholder vote to approve a takeover bid for Comvita has not gathered enough votes to proceed.  

The bid from Florence to buy Comvita at 80 cents a share required 75% support from shareholders to go through.  

Although the official vote count has not been released, we know that the numbers fall short of the margin.  

Octagon Chief Investment Officer Paul Robertshawe told Heather duPlessis-Allan that anything is possible going forward, however it’s unlikely that Florence will raise their offer.  

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts

A shareholder vote to approve a takeover bid for Comvita has not gathered enough votes to proceed. &nbsp;
The bid from Florence to buy Comvita at 80 cents a share required 75% support from shareholders to go through. &nbsp;
Although the official vote count has not been released, we know that the numbers fall short of the margin. &nbsp;
Octagon Chief Investment Officer Paul Robertshawe told Heather duPlessis-Allan that anything is possible going forward, however it&rsquo;s unlikely that Florence will raise their offer. &nbsp;
LISTEN ABOVE
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts

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We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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