A2, Synlait shares climb as takeover bid revives optimism about Chinese appetite for milk

A2, Synlait shares climb as takeover bid revives optimism about Chinese appetite for milk
Paul McBeth
By Paul McBeth Sept. 16 (BusinessDesk) - A2 Milk and Synlait Milk shares jumped in early trading as a A$1.5 billion takeover bid for Bellamy's Australia revived optimism that Chinese demand for dairy products remains strong.  ASX-listed Bellamy's today said it's received a A$13.25 per share offer from China Mengniu Dairy Co and that its board will support the bid. That's a premium to the A$8.32 price the shares closed at on Friday. China Mengniu is familiar with the Australasian market through Yashili New Zealand and Burra Foods Australia...

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