Comvita advises of possible takeover; poor honey harvest to hit earnings

Sun, 15 Apr 2018

By Tina Morrison April 16 (BusinessDesk) - Comvita, the NZX-listed manuka honey company, foreshadowed that it may be the subject of a takeover, with an unidentified third party currently undertaking due diligence to assess the business. The Paengaroa-based company emphasised that the possible acquisition remains for now "an incomplete transaction" and there is no certainty that any offer will be forthcoming. Comvita's board disclosed the potential takeover along with a downgrade to its earnings forecast for this year, saying it felt oblig...

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