A2 Milk burns through cash as takeover talks stall
Capital raising one of "a wide range of different possibilities"
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A2 Milk [NZX: ATM] burned through $10 million of cash in the year ended June and has just $6.1 million left as it ramps up infant formula production and launches in the United States.
The company called off a planned equity raising in June after its major shareholder, Australia-based Freedom Foods
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Jenny Ruth
Thu, 20 Aug 2015
Thu, 20 Aug 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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A2 Milk burns through cash as takeover talks stall
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