BAL bellamy's australia limited
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$1.5B sale of Bellamy’s given Treasure’s tick of approval

  1. TheMarketOnline
    7,926 Posts.
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    15/11/19
    13:26
    Post #: 41447072
    • The A$1.5 billion sale of Bellamy's Organic to a Chinese dairy company is almost certain after Treasurer Josh Frydenberg gave it the green light
    • The deal was first announced in mid-September and will see the dairy company purchase all shares in Bellamy's for $13.25 each
    • However, there are a range of conditions which must be followed if the sale proceeds, meaning Bellamy's must keep its headquarters in Australia for at least 10 years
    • BAL is up slightly this morning with shares trading for $13.20 apiece

    Click here for the entire article on The Market Herald
    BAL Price at posting: $13.19 Sentiment: None Disclosure: Not Held
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