Bellamy's backs takeover offer
James Daggar-NicksonEditorial director, AFR Insights
Bellamy's has entered into a scheme implementation deed with China Mengniu Dairy Company under which the latter will acquire 100 per cent of Bellamy's issued shares.
The board of Bellamy's has unanimously recommended the $13.25 cash per share offer which comprises $12.65 cash per share and a $0.60 per share fully franked special dividend.
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