Kerry Stokes' investment in a small honey producer has certainly paid off.
He purchased his now-20.6 per cent stake in Capilano Honey at an average price of $8.67 a share. So he was well ahead even before Monday's $190 million takeover proposal popped the share price 25 per cent to $19.72, adding $8 million in value to his stake in a few short hours.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
