Comvita Florenz deal: shareholder voting puts takeover in doubt

So far, nearly 40% of Comvita shareholders oppose the deal. (Image: Comvita)

Thu, 13 Nov 2025

Comvita’s shareholders are currently on track to reject Florenz’s bid for the company despite a simple majority being in favour. As at 2pm on Nov 12, 80.3% of shareholders had voted, with 53.7% in favour and 39.8% against. For the deal to be approved, at least 75% of the votes cast in each interest class must be in favour of the 80 cents per share offer.One of the interest classes is Florenz and its associates. A second condition is that more than 50% of the total number of votes cast must be in favour.“Based on these num...

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