date:Jun 23, 2015
oon after todays announcement to AUD $0.60.
The Proposal is subject to a number of key conditions including access to due diligence, exclusivity, no material adverse change in the affairs or prospects of a2MC, various approvals including under the New Zealand Overseas Investment Act and no change in the number of shares on issue, said the A2 Milk Company Ltd about the takeover.
The last condition is particularly relevant as the Company has recently been contemplating, and was in advanced stage