Comvita to enter S&P/NZX 50 if Diligent takeover proceeds; shares jump 4%

Wed, 06 Apr 2016

By Edwin Mitson April 6 (BusinessDesk) - Comvita, the natural health products company, is to enter the S&P/NZX 50 Index if the takeover of Diligent Corp by Insight Venture Partners goes ahead. S&P Dow Jones Indices says Diligent will be removed from the benchmark subject to shareholder approval of the company's sale. Trading in Diligent shares is due to be halted on April 11, two days before a special meeting of stockholders is to be held at 10am on April 13. If the sale goes ahead it will be delisted. If the sale doesn't complete then t...

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