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a2 Milk Company receives an expression of interest

The a2 Milk Company has received an expression of interest to acquire all shares of the company.

The proposal is subject to a number of conditions including access to due diligence, exclusivity, no material change in the affairs or prospects of the a2 Milk Company (a2MC), various approvals including under the New Zealand Overseas Investment Act and no change in the number of shares on issue.

The last condition will put a stop to the a2MC’s plan for an equity raising, which was in advanced stages.

The two associated trade parties who submitted the expression of interest have requested confidentiality, and stated that their expression of interest may be withdrawn if it ceases to be confidential.

There is no certainty of a takeover or any transaction and the board will seek further information and evaluate the proposal.

 

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