18 Sep Chinese dairy firm to buy Bellamy’s Australia in $1.5 billion deal
China Mengniu Dairy Co. has agreed to acquire organic infant formula maker Bellamy’s Australia for AUS$1.5 billion, after the Tasmania-based company’s board unanimously recommended the offer. China’s second largest dairy producer offered $13.25 per share for Bellamy’s on Monday – a 59% premium on the stock’s...