Mr Kerr again spelt out his message to minority shareholders, some of who are his relatives, that PGC faces a difficult and complex task of realising value from its remaining assets.

Australasian Equity Partners has extended its takeover offer for Pyne Gould Corporation to February 15 and declared the offer unconditional on acceptances.

Cerebos New Zealand says it will not increase its takeover offer for Bay of Plenty honey company Comvita.

Cerebos is threatening to start up in direct competition to Bay of Plenty-based Comvita if its bid to buy the manuka honey products company fails.

UPDATED January 19: George Kerr’s Australasian Equity Partners has passed the milestone 50% mark in acceptances of its full takeover of Pyne Gould Corporation.