The sting is out of the battle for Capilano Honey with Bega Cheese abandoning any plans it had to launch a takeover to rival one supported by Rich Lister Kerry Stokes.
Bega said on Wednesday it would take the cash on offer from Albert Tse's Wattle Hill and Roc Partners Investment Fund for its 15.59 per cent stake in Australia's biggest honey supplier.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
