UPDATE: A2 lifts stake in Synlait at 2.3% discount

Fri, 03 Aug 2018

(Updates to add detail in 3rd paragraph) By Sophie Boot Aug. 3 (BusinessDesk) - A2 Milk will buy another 8.2 percent of Synlait Milk at a small discount, lifting its holding in the dairy processor to 17.4 percent. The milk marketing firm will buy the shares at $10.90 apiece, down 2.3 percent from the NZX one month volume weighted average price of $11.16, for a total of $161.8 million. The shares will come from Tokyo-listed Mitsui & Co, a general trading company which invests across sectors and bought 8.4 percent of Synlait at the compa...

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