Mystery party not proceeding with Comvita offer
Highly conditional, unsolicited, indicative non-binding proposal has fallen flat – shares plunge almost 20% today.
A non-binding bid has proven sugarless for Comvita as unnamed party exits dealings.
Comvita has reported its mystery offshore suitor will not procced with an offer to acquire all shares in the NZX-listed honey company.
The market reacted negatively, with shares down 19% to $1.50 in this morning's trading.
In February Comvita informed the market it had received an indicative,
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