A2 milk | More on A2 Milk’s trading halt on potential acquisition

In response to the ASX's price query, A2 Milk said in a statement that it needs additional time to inform the market regarding a potential acquisition.

As we flagged earlier, trading for A2 Milk shares has been paused today.

Shares in the infant formula company’s were up as much as 8% before the trading halt despite there seemingly being no news.

In response to the ASX’s price query, A2 Milk said in a statement that it needs additional time to inform the market regarding a potential acquisition.

E&P’s retail analyst Phillip Kimber has now weighed in, noting that transforming the supply chain is a key strategic priority for A2M.

“The company is targeting another 3 China Label IMF products with GB registration and already have secured access to a potential additional China Label registration slot at Synlait’s Dunsandel site.

“A2M are also actively looking at JV’s [joint ventures]/ acquisitions in the nearer term to access more GB registrations (China Label IMF) and have advised they are looking in both NZ and China.

“The ultimate cost will depend on the exact transaction (JV vs acquisition), however it has the potential to be ‘hundred’s of millions’.

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