Larry Williams Drive

Mānuka honey exporter Comvita has received a takeover offer from a subsidiary of Christchurch billionaire Mark Stewart’s Masthead Limited - Florenz. It's offering 80 cents a share, equalling $56.4 million. The offer has received unanimous support from Comvita’s board and its two largest shareholders, which own a combined 18.3 percent stake. Oliver Mander from the NZ Shareholders Association explains what this could mean going forward. LISTEN ABOVESee omnystudio.com/listener for privacy information.