November 27, 2019 / 6:57 AM / 9 days ago

Bellamy's Australia settles two class actions for about $34 mln ahead of takeover

Nov 27 (Reuters) - Bellamy’s Australia Ltd 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 in a A$1.43 billion deal. ($1 = 1.4736 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru Editing by Shri Navaratnam)

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