ATM - A2 Milk Corporation Limited

[sb9]

The Elevator has started.

Was only a matter of time, it had to move up. Looks like with HY results due out on 15th, shorts must be covering their positions.

[Sideshow Bob]

Herald reporting that Reckitt Benckiser are in talks to buy Mead Johnson Nutrition at a 30% premium totalling $16.7b USD.

[Bjauck]

Herald reporting that Reckitt Benckiser are in talks to buy Mead Johnson Nutrition at a 30% premium totalling $16.7b USD.

Interesting move by RB with a generous premium in these uncertain times - a bit of a departure from household and home health. Covering their options with further diversification away from Europe during brexit. Perhaps they like the look of the Chinese market and the prospect of more babies needing formula.

[sb9]

Interesting move by RB with a generous premium in these uncertain times - a bit of a departure from household and home health. Covering their options with further diversification away from Europe during brexit. Perhaps they like the look of the Chinese market and the prospect of more babies needing formula.

Guess everyone wants a share of upcoming baby boom from china thro' some sort of product offering and quicker way to get that is through baby products, specifically infant formula. And who has first mover advantage here... ATM!!!

[sb9]

http://www.nzherald.co.nz/business/n...ectid=11794040

Here is the link about the story of RB going for Mead...

[Sideshow Bob]

Up 5c to 230 on the ASX today. Positive start to the short week coming.....

[sb9]

Up 5c to 230 on the ASX today. Positive start to the short week coming.....

Might see testing the 250 mark sooner before the results are out next week.

I'm picking there might be some sort of announcement this week either a trading update or new product launch news....

[777]

Might see testing the 250 mark sooner before the results are out next week.

I'm picking there might be some sort of announcement this week either a trading update or new product launch news....

Considering that they announced the half year results on the 17/2/16 then this years half year should be about the same time so any "trading update" now would be unlikely.

[sb9]

Considering that they announced the half year results on the 17/2/16 then this years half year should be about the same time so any "trading update" now would be unlikely.

Yes there could be none, just my hunch...

By the way HY results to be announced on 15th next wed, notified on their website.

[sb9]

Article in NBR behind paywall titled...

Takeover bid for Mead Johnson lights a fire under A2 shares