Canadian Dairy Giant Saputo Eyes Possible Takeover of A2 Milk - Cowsmo

Canadian Dairy Giant Saputo Eyes Possible Takeover of A2 Milk

Rumours that the embattled specialty dairy company A2 Milk is being eyed as a possible takeover target is being credited with driving its shareprice more than 7 percent higher.

The Australian newspaper has linked A2 Milk to the Canadian dairy giant Saputo, which is reported to be close to making a big acquisition.

A2 has been touted as a possible takeover target over the past year as it struggled to restore its earnings, profits and share price in the face of disrupted sales channels, excess stock and a slide in sales of infant formula in the key Chinese market.

A2 declined comment on the speculation.

 

Source: RNZ

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