Comvita deal fails, attention turns to capital raise

Comvita chair Bridget Coates addresses shareholders. (Image: BusinessDesk)

Fri, 14 Nov 2025

Comvita’s shareholders have voted down the Florenz deal, as its board now turns its attention to raising cash.The 80 cents per share offer for all of the NZX-listed company was put to shareholders in August, with a special meeting held in Auckland on Friday.While the final results may not be known until as late as Monday, chair Bridget Coates told the meeting, which ran for just under half an hour, it was “very likely not to proceed”.Coates, flanked by chief executive Karl Gradon and independent director Michael Sang...

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