Bellamy's Australia has entered into a $1.5 billion takeover scheme with the China Mengniu Dairy Company and its board is urging shareholders to approve the deal.The ASX-listed infant formula maker announced on Monday it had entered into a scheme offering $13.25 cash per share bid, which represents a 59 per cent premium to last week's closing price of $8.32.
Bellamy chief executive Andrew Cohen said Mengniu was "an ideal partner for business" and offered "a strong platform for distribution and success in China, and a foundation for growth in the organic dairy and food industry in Australia".
All foreign investments should be rejected unless the country of origin offers the same market access to their country. ScottMorrisonMP AlboMP trade ausbiz auspol
Don't do it!....let's.keep it in Australia ! Otherwise the Chinese will go berserk at supermarkets and claim it as theirs!
your free trade agreement is great !! AndrewRobbAO
PS this should ally to all foreign companies
And in China, no foreign company can exist in its own right so what next foreign workers to replace Australian workers as they have done on building sites at a fraction of wage, wait for the future headlines Our politician's greed to get money from China is staggering
They took over the shopping shelves and now it’ll be the companies
That me no longer buying Bellamy’s baby products
It’s up to the FIRB free trade on steroids
. Making a rod for our own backs.