Synlait and A2 Milk bury the hatchet
Synlait concedes A2 Milk was entitled to cancel the exclusivity in their supply deal; A2 Milk agrees to subscribe for shares in a Synlait capital raise.
Synlait chief executive Grant Watson.
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Infant formula marketer A2 Milk has agreed to subscribe for shares in a capital raise by its debt-laden supplier Synlait as the companies settle a dispute over their contractual relationship.
Shares in Synlait were up 20% to 36c by noon after the announcement while A2 Milk shares gained 5% to $7.80
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