September 15, 2019 / 10:22 PM / a month ago

Bellamy's Australia to be bought by China Mengniu Dairy Co for $983 mln

Sept 16 (Reuters) - Bellamy’s Australia Ltd on Monday said China Mengniu Dairy Company Ltd will buy the formula maker for A$1.43 billion ($982.98 million).

The deal represents a 52% premium to Bellamy’s Friday closing price of A$8.32. ($1 = 1.4548 Australian dollars) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sandra Maler)

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