STRONG BOTH. Excellent technical and fundamentals.
CEO seems like a good bloke.
Taken from Yahoo finance.
Why is the Bellamy’s share price up 72% this month?
Investors were scrambling to buy the company’s shares earlier this month when it received a surprise takeover approach from China Mengniu Dairy Company.
The offer went down well with management, leading to the two parties entering into a scheme implementation deed under which the Chinese dairy company will acquire 100% of the issued share capital of Bellamy’s via a scheme of arrangement.
China Mengniu Dairy Company tabled an offer of $13.25 cash per share, comprising $12.65 cash per share and a $0.60 per share fully franked special dividend to be paid by Bellamy’s prior to the implementation of the scheme.
CEO seems like a good bloke.
Taken from Yahoo finance.
Why is the Bellamy’s share price up 72% this month?
Investors were scrambling to buy the company’s shares earlier this month when it received a surprise takeover approach from China Mengniu Dairy Company.
The offer went down well with management, leading to the two parties entering into a scheme implementation deed under which the Chinese dairy company will acquire 100% of the issued share capital of Bellamy’s via a scheme of arrangement.
China Mengniu Dairy Company tabled an offer of $13.25 cash per share, comprising $12.65 cash per share and a $0.60 per share fully franked special dividend to be paid by Bellamy’s prior to the implementation of the scheme.