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The Cerebos takeover “is struggling for reasons of making a low-cost bid,” said Comvita chairman Neil Craig. Cerebos, a multinational food giant known for brands like Bisto, Gregg’s and Raro, offered Bay of Plenty-based honey distributor Comvita $ 2.50 a share to see the independent valuation hovering between 3.40 $ and $ 4. Yesterday, its …