Primary Sector

Is A2 Milk even a good takeover prospect?

Rebecca Howard
Thu, 27 Jan 2022

Is A2 Milk even a good takeover prospect?

Analysts wonder why anyone would want to buy A2 milk. (Image: Getty)

Rebecca Howard
Thu, 27 Jan 2022

The question perhaps isn’t whether Canada’s Saputo is keen on A2 Milk but rather whether it’s a good takeover prospect at all. A2 Milk shares jumped earlier this week on speculation that Saputo might have thrown its hat in the ring to buy up the infant formula maker. Neither company commented. A2 Milk shares are currently hovering around $5.65. They were trading just over $21 in August 2020, prior to a series of downgrades as its revenue and net profit tumbled. However, while the stock is looking cheap, arguabl...

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