A2 Milk's Babidge, other shareholders cash in on high share price

Tue, 05 Jan 2016

By Fiona Rotherham Jan. 5 (BusinessDesk) - Geoffrey Babidge, managing director of A2 Milk, is one of a number of the specialty milk marketing company’s shareholders to have cashed in on the current high share price by reducing their stakes. A2 Milk’s shares have soared in recent weeks, reaching a record $2.50 on Dec. 30, when Babidge sold 500,000 shares for about $1.18 million, or about $2.36 apiece. The shares are currently trading at $1.90 on the NZX and A$1.78 on the ASX. Babidge has netted about $4.2 million since mid-October selli...

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