a2 Milk has $1 billion to spend

a2 Milk has $1 billion to spend
(Image: Getty)
Rebecca Howard
a2 Milk was put in a trading halt on the New Zealand and Australian stock exchanges on Friday afternoon pending a further announcement about a potential acquisition.  The shares were up 11.31% at $6.79 just before going into the halt. It had touched a high of $7.050 earlier in the session. a2 Milk has gained 16.1% this month.  The reasons for the trading halt were “to provide us with additional time to respond to ASX’s price query received this morning and to inform the market regarding a potential acquisition by us”...

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