finance.yahoo.com

Synlait Denies Takeover Talks Involving A2 Milk and Fonterra

The a2 Milk Company logoThe a2 Milk Company
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Fonterra logoFonterra
Sig1.55Sen+0.25Env0.00Soc0.00Gov0.00

Synlait Milk denied reports it is considering a takeover involving The A2 Milk Company and Fonterra after media speculation in Australia. The company has no further comment. The denial comes as Synlait executes a three-part recovery plan following profit warnings, an NZ$80.6m first-half net loss, Bright Dairy’s NZ$130m bailout loan, an NZ$217.8m equity raise, and an earlier NZ$24.8m A2 pricing settlement.

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