Bellamy's Australia Ltd. (ASX:BAL) has announced that the Supreme Court of NSW has approved the proposed acquisition of Bellamy's by a wholly-owned subsidiary of China Mengniu Dairy Company Limited by way of a scheme of arrangement.
It is expected that trading in Bellamy's shares will be suspended from the close of trading today.
The company’s shareholder will receive a total of $13.25 cash per share in respect of Bellamy's shares they hold at 7.00 PM AEDT.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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