A2 Milk jumps 6% as market falls

Tue, 25 Jan 2022

New Zealand's headline share index fell for a fifth consecutive session on Tuesday, but A2 Milk was lifted from a five-year low by rumours it could be a takeover target for a Canadian dairy firm.The S&P/NZX 50 Index fell 62.8 points, or 0.5%, to 12,128.21. Turnover was $178 million. Shares in infant formula exporter A2 Milk jumped 6.2% to $5.79 on a speculative column in The Australian which said the troubled company could be bought out by Saputo, of Canada. Rumours like these are common in Australian media. Some turn out to b...

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