Comvita's survival 'uncertain' if shareholders reject Florenz takeover bid

Comvita shareholders are being offered 80 cents a share by Florenz. (Image: Comvita)

Wed, 15 Oct 2025

Comvita’s board is warning shareholders the company’s ability to continue beyond early next year is in doubt if they don’t approve a takeover bid by Florenz.In the absence of a better proposal, it is recommending shareholders vote for the 80 cents per share offer for the struggling mānuka honey company.The offer by Florenz, a subsidiary of New Zealand investment company Masthead owned by Mark Stewart, was announced in August.Shareholders will vote on the scheme on Nov 14. If approved by shareholders and the high court, the pay...

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