Chinese economic stimulus blamed for A2 Milk price spike
Infant formula marketer says acquisition talks unlikely to be behind share price surge.
The ASX asked A2 Milk to explain an 18% share price spike on Friday.
A2 Milk has blamed a share price spike on Friday on the announcement of economic stimulus measures by the Chinese Government.
In a response to a “please explain” notice from the ASX, the infant formula marketer said it included information about a potential acquisition “only for completeness
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