Takeover bid for Mead Johnson lights a fire under A2 shares
Reckitt Benckiser is offering $US16.7 billion for Mead Johnson and Nestle is rumoured to be interested too.
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Takeover talk over another infant formula manufacturer lit another fire under A2 Milk shares last week while Metro Performance Glass shares sank 19% after the company issued a profit warning.
A2 Milk shares gained 9.2% last week while Metro Glass shares fell 19% to $1.54, below the 2014 float
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Jenny Ruth
Tue, 07 Feb 2017
Tue, 07 Feb 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Takeover bid for Mead Johnson lights a fire under A2 shares
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