Bellamy’s vulnerable to takeover

Original article by Carrie LaFrenz
The Australian Financial Review – Page: 13 & 23 : 13-Jan-17

Shares in infant formula group Bellamy’s Australia shed 18 per cent to close at $A4.40 on 12 January 2017. The stock fell 20 per cent in the previous session, after being in a trading halt since early December. There is growing speculation that the company could become a takeover target. Belinda Moore of Morgans Financial says it would be attractive to suitors, but notes that turning around its fortunes could take up to 18 months. Bellamy’s shareholder Jan Cameron has ruled out making a takeover bid, although she will continue to push for changes to its board of directors.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, MORGANS FINANCIAL LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, BLACK PRINCE PRIVATE FOUNDATION, FONTERRA CO-OPERATIVE GROUP LIMITED, BELL POTTER SECURITIES LIMITED, WILSON HTM LIMITED

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