Comvita has received a conditional, unsolicited, and non-binding proposal to acquire all of its shares.
The company, which is listed on the NZX, said the offer price from the offshore party represents a significant premium to the current share price.
The party has expressed a preference for implementing the acquisition through a negotiated scheme of arrangement.
Comvita's board has engaged Goldman Sachs as financial adviser, and Simpson Grierson and Chapman Tripp as external legal counsel, to assist in considering the proposal.
The company has granted further access to confirmatory due diligence information.
However, it noted that there is no certainty the proposal will result in a transaction.
Shareholders have been advised not to take any action at this time.
Comvita will provide updates on any material developments in accordance with its disclosure obligations.
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