Synlait disputes a2 Milk's right to cancel exclusivity as share price slumps

Synlait disputes a2 Milk's right to cancel exclusivity as share price slumps
Synlait says no impact expected to FY24 result. (Image: Synlait)
Rebecca Howard
Synlait Milk shares fell 6.25% in the wake of news that a2 Milk plans to cancel its exclusive supply agreement with the milk processor.  The shares traded at a record low of $1.20 after a trading halt was lifted on Monday afternoon. Synlait said it disputes that a2 Milk has the right to cancel the exclusivity arrangements.Synlait shares had been on a trading halt since this morning when a2 Milk said it had given notice it would cancel the “exclusive manufacturing and supply rights enjoyed by Synlait” for stages 1 to 3 of a...

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