Primary Sector

A2 Milk shares jump 7.9% on takeover speculation

Rebecca Howard
Tue, 25 Jan 2022

A2 Milk shares jump 7.9% on takeover speculation
Saputo is reportedly about to announce a big acquisition. (Image: Supplied)
Rebecca Howard
Tue, 25 Jan 2022
Could Canadian dairy giant Saputo be keen on snapping up A2 Milk? The market seems to think there’s something in it with the stock up 7.89% following speculation on a bid.Saputo is reportedly about to announce a “sizeable acquisition” in Australia and it could be A2 Milk according to The Australian.Given that “nothing fundamental has changed today”, the move is likely to be linked to speculation about that, said Hobson Wealth director Brad Gordon."I believe the buying interest results from the Australian artic...

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