INFANT FORMULAS – AUSTRALIA

Bellamy’s steps up overtures to daigou traders

roymorgansocial Leave a comment

Original article by Simon Evans, John Kehoe
The Australian Financial Review – Page: 15 : 18-Sep-19

Shares in infant formula maker Bellamy’s Australia rose a further 1.1 per cent on 17 September, following a 55 per cent jump on 16 September after it disclosed it was the subject of a $1.5 billion takeover by China Mengniu Dairy. Bellamy’s shares had declined 62 per cent in the 18 months prior to the offer, largely due to regulatory problems in China. Some crossbench senators have suggested the Chinese government sought to depress Bellamy’s share price to make it easier for Chinese companies to bid for it, while Bellamy’s will accelerate a push to boost the sales it makes through daigou traders.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, CHINA MENGNIU DAIRY COMPANY LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CENTRE ALLIANCE, AUSTRALIAN GREENS, BURRA FOODS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY

Bellamy’s set to be bought by China Mengniu Dairy for $1.5bn

roymorgansocial Leave a comment

Original article by Eli Greenblat
The Australian – Page: Online : 17-Sep-19

The board of Bellamy’s Australia has unanimously backed a $1.5 billion takeover bid for the infant milk formula maker by China Mengniu Dairy. The transaction represents the first Chinese takeover bid for an Australian infant milk formula maker, with China Mengniu Dairy manufacturing and distributing dairy products in China, as well as having manufacturing sites in Malaysia and Indonesia. The transaction is subject to the approval of Bellamy’s Australia shareholders and the Foreign Investment Review Board.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, CHINA MENGNIU DAIRY COMPANY LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Bellamy’s vulnerable to takeover

roymorgansocial Leave a comment

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

ASIC to scrutinise Bellamy’s trading

roymorgansocial Leave a comment

Original article by Damon Kitney, Eli Greenblat
The Australian – Page: 22 : 6-Dec-16

The Australian Securities & Investments Commission will undertake an informal review of trading in the shares of Bellamy’s Australia prior to the release of an earnings update on 2 December 2016. The infant formula group’s shares fell by 43.52 per cent in response to the bearish guidance, and the stock shed another 4.23 per cent on 5 December. Bellamy’s had left its earnings guidance unchanged at the AGM in mid-October.

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, KATHMANDU HOLDINGS LIMITED – ASX KMD, BLACK PRINCE PRIVATE FOUNDATIONRST, ELLERSTON CAPITAL PTY LTD

Blackmores, Bega target China’s ageing population

roymorgansocial Leave a comment

Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 22 : 17-Mar-16

Bega Cheese and Blackmores have reported strong demand for their infant formula in China. The partnership formed by the Australian-listed companies has been so successful that Bega and Blackmores want to expand into products for China’s ageing population. Bega chairman Barry Irvin said the partnership is working on "three to four" new products for the Chinese market.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, BLACKMORES LIMITED – ASX BKL, TATURA MILK INDUSTRIES LIMITED

Murray Goulburn milks right formula

roymorgansocial Leave a comment

Original article by Jared Lynch, Tim Binsted
The Australian Financial Review – Page: 16 : 16-Mar-16

Victorian dairy co-operative Murray Goulburn will invest between $A260m and $A300m on upgrading its infant formula factory in Koroit. The project will proceed after Murray Goulburn secured contracts to supply infant formula to US-based Mead Johnson and Indonesia-based Kalbe Nutritionals. The deal with Mead Johnson will result in the US company selling Murray Goulburn’s products to countries throughout the Asia-Pacific region.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, MEAD JOHNSON, KALBE NUTRITIONALS