Cerebos New Zealand has accelerated its all cash takeover offer for honey products company Comvita with documents mailed to shareholders today.

Marlborough Lines has asked the Takeovers Panel to look into its failed partial takeover bid for Horizon Energy last year, with several allegations Eastern Bay Trust-owned company Horizon breached the Takeovers Code.

The panel received a formal request from the lines company’s lawyers, Radich Law, to investigate several allegations about NZX-listed (NZX: HED) Horizon Energy.

Auckland International Airport is adamant there is no need for legislation that will allow the two councils who are substantial shareholders to bypass the Takeovers Code when they merge into the Auckland supercity.

The government announced today it will introduce legislation to allow the consolidation of the airport shareholdings owned by Auckland and Manukau city councils, as part of the restructure of Auckland’s local government into a unitary Auckland Council.