Comvita buzzing after takeover bid; NZX 50 up 0.6%

Comvita shares rose 58% after a buyout annoucement. (Image: NZME)

Mon, 18 Aug 2025

A trio of inoffensive earnings reports have been overshadowed by yet another takeover bid on the New Zealand sharemarket. The benchmark S&P/NZX 50 climbed 0.63% to 12,970.64 points on Monday with 29.5 million shares worth $147m changing hands. Paul Robertshawe, Octagon's chief investment officer, said despite being in the throes of earnings season, the big news of the day was small-cap Comvita.The Mānuka honey company received a takeover bid from Florenz, a subsidiary of Mark Stewart's investment company, Masthead.If succe...

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