Australian baby formula company Bellamy's to be taken over by Chinese company ...

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Australian baby formula company Bellamy's to be taken over by Chinese company in $1.5bn deal

By Charlie Moore For Daily Mail Australia

Published: 02:00 BST, 16 September 2019 | Updated: 02:02 BST, 16 September 2019

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Australian baby formula company Bellamy's is set to be taken over by a Chinese firm.

China Mengniu Dairy Company has offered to buy 100 per cent of Bellamy's shares in a $1.5billion deal.

The Bellamy's board has unanimously recommended to shareholders that they approve the deal which would be done by the end of this year if they agree. 

China Mengniu Dairy Company has offered to buy 100 per cent of Bellamy's shares in a $1.5billion deal

Bellamy's CEO Andrew Cohen (right) described Mengniu as an 'ideal partner'

China Mengniu Dairy Company has offered to buy 100 per cent of Bellamy's shares in a $1.5billion deal. Bellamy's CEO Andrew Cohen (right) described Mengniu as an 'ideal partner'

Mengniu offered $12.65 per

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