"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.
"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.
Ah well that's all solved then. No need to worry about doing due diligence if you are planning a takeover. Just pay the highest price paid during last years speculative bubble and all existing shareholders will be happy!
SNOOPY
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