Australian consortium said to be in no hurry to up their bid for A2 Milk

Fri, 24 Jul 2015

By Fiona Rotherham July 24 (BusinessDesk) - Australian-based Freedom Foods and US-based Dean Foods are said to be in no hurry to up their bid for A2 Milk Co after the milk marketer this week told its suitors to try again after an initial offer wasn’t compelling and drew out as yet unnamed rival bidders. A source close to the bidding consortium said they were underwhelmed by a trading update A2 Milk released at the same time as rejecting the offer and request for due diligence, saying it contained “nothing that would shift their view on va...

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