Short sellers send A2 shares up

Short sellers send A2 shares up
Dan Brunskill
Investors buying into rumours Nestle was exploring a takeover of A2 Milk Company prompted the stock to jump more than 10% today.  Meanwhile, the S&P/NZX 50 Index fell 0.3%, to 12,720.15, as the majority of stocks declined. Turnover was $179 million.The Australian today reported Swiss-owned dairy giant Nestle had been eying up a possible takeover bid of the infant formula brand after it reports its annual results.This sent the stock flying as high as $7.16 – a 13% gain – before closing at $7.05, up 11.4% from yesterday&rsquo...