A2M = ATM (A2M is the Australian listed code, ATM is the NZ listed code)
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It is early to say but according to the letter... in short... Yes.
From hotcopper.com.au
"a2 shares rose almost 20 per cent to 61c on news of the approach. Freedom shares closed almost 7 per cent higher at $2.99. “a2 has created unique dairy products with perceived health benefits that open up cow’s dairy to a raft of new potential customers,” UBS said. “We value the company at NZ$1.02 (90.4c) per share with upside to NZ$1.62 per share should we factor a full North America rollout and success in the Chinese milk market.” At the top end of the range this could see a2 valued at $950m.
reference http://www.theaustralian.com.au/bus...-bid-for-a2-milk/story-fn91v9q3-1227410131226
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By the way the article above is Paid Content, if someone has access pls do summarise.
Not that much new stuff. Did go on about dj.com and freedom a bit and the way it was written it assumed new hope was the other party
Those UBS valuations about what MAC was touting so must be right
My guess if offer comes it will be 95 cents to 110.
What what the heck do I know
what some people paid that much last year.
Looks like 75c is round the corner...