BAL bellamy's australia limited
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News: BAL Bellamy's Australia settles two class actions for about $34 mln ahead of takeover

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    27/11/19
    17:55
    Post #: 41668048

    Nov 27 (Reuters) - Bellamy's Australia Ltd (BAL) said on Wednesday it settled two shareholder class action lawsuits, without admitting liability, and will pay A$49.7 million ($33.73 million).

    Bellamy's is on the verge of being taken over by Hong Kong-listed China Mengniu Dairy Co 2319.HK in a A$1.43 billion deal.

    ($1 = 1.4736 Australian dollars)

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