The (limited) options Comvita’s board have left

The (limited) options Comvita’s board have left
The Florenz offer was announced in August. (Image: NZME)
Riley Kennedy
Comvita’s leadership now faces the unenviable task of addressing shareholders, knowing its deal to sell to Florenz appears dead in the water.Despite the voting figures to date indicating that it is unlikely to receive shareholder support, the special meeting for the scheme of arrangement will still proceed this afternoon on the 30th floor of Auckland’s PwC Tower.As of mid-afternoon on Wednesday, 80.3% of shareholders had voted, with 53.7% in favour and 39.8% against.For it to pass, at least 75% of the votes cast in each interest cla...

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