A2 shares spike as Aussie media reheats Nestle rumours

Nestle has its own infant formula problems in China. (Image: Getty)

Mon, 16 Aug 2021

A report in the Australian media ramping up speculation about a takeover of the A2 Milk company by Swiss-based global food giant Nestle saw the dual-listed dairy company’s share price jump in NZX trading today.However, local analysts are sceptical about the suggestion, which appears to rest primarily on the fact that the A2 share price has collapsed over the last year.Today’s report in The Australian echoed a similar report in April, which also cited possible interest from Nestle and Mead Johnson as buyers.As the story gained tracti...

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