A2 Milk to raise up to $43 mln in placement, SPP, 4 months after shelving capital raising

Jonathan Underhill
Wed, 07 Oct 2015

By Jonathan Underhill Oct. 8 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, plans to raise $43 million through a share placement and share purchase plan, just months after it shelved an equity raising when its biggest shareholder expressed interest in making a full takeover. The Auckland-based company has hired Goldman Sachs to manage and fully underwrite a $40 million placement at a floor price of 67 cents a share. It will also offer a share purchase plan to existing investors raising up...

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