Originally Posted by
Shareguy
Interesting. There is a bit of detail in the Bloomberg announcement and I suggest someone has been talking out of turn before any deal is done. I guess the story could be complete rubbish but where there is smoke theres generally fire.
At the end of the day Comvita is trading well below it’s historical ratios. Under new leadership the CEO has turned things around and the updates have been generally positive since.
I don’t want to see a full take over and another company departs from the NZX. However It is not surprising with our low dollar and relaxed take over rules.
Time will tell.