Bellamy's Australia has entered into a takeover scheme with the China Mengniu Dairy Company and the board of the Australian firm are urging shareholders to approve the deal.
A surge in crude oil prices and a $1.5 billion takeover offer for Bellamy's Australia drove the ASX higher on Monday.
High prices in Australia's technology sector boosted the stock market as recession fears emerge in Europe.
A lower birth rate in China and increased competition in the world's biggest infant formula market made 2019 a"challenging"year for the infant formula maker.
The infant formula company Bubs Australia has grown up,reporting its highest quarterly revenue on record
Share prices of Bellamy’s Organic and A2 Milk have been battered. At this point they look like victims of the Trump trade war.
Infant formula maker Bellamy's Australia has won approval to sell some of its products in Chinese stores.
The organic formula and food company Bellamy's Organic has reported a slump in first half net profit,down almost 64 per cent on a statutory basis.
Infant formula companies are confident the multibillion-dollar e-commerce market in China will not be affected by a new crackdown.
The infant formula and food company has delivered a major turnaround,swinging to a $43 million net profit in fiscal 2018.
A court loss cost former Bellamy's boss Laura McBain options that were worth $8.7 million in March this year,will she have another crack at it?