- Release Date: 13/06/14 09:22
- Summary: ASSET: CVT: Comvita Acquisition of New Zealand Honey Limited - Update
- Price Sensitive: No
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CVT 13/06/2014 09:22 ASSET REL: 0922 HRS Comvita Limited ASSET: CVT: Comvita Acquisition of New Zealand Honey Limited - Update Global natural health products company Comvita (NZX: CVT) is providing an update to its announcement of 22 May, in relation to the signing of a sale and purchase agreement to acquire all the shares of New Zealand Honey Limited from New Zealand Honey Producers Co-Operative Limited. On 22 May we announced the composition of the purchase price of $12.3 million comprised of $7.3 million in cash and $5 million in Comvita shares issued at $3.50 per share. Further negotiations have since been conducted around the composition of the acquisition. The financial settlement now comprises of $10.3 million in cash and $2 million in Comvita shares issued at $3.50 per share. All other terms of the agreement as announced on 22 May remain unchanged. The acquisition is now anticipated to be completed on 1 July rather than mid-June as previously communicated. # Ends # For further information: Brett Hewlett, Comvita CEO, 021 740 160 Neil Craig, Comvita Chairman, 021 731 509 Julie Chadwick, Comvita Communications Manager, 021 510 693 End CA:00251554 For:CVT Type:ASSET Time:2014-06-13 09:22:23
Ann: ASSET: CVT: Comvita Acquisition of New Zealand Honey Limited - Update
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