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Bellamy's Australia settles two class actions for about $34 million ahead of takeover

FILE PHOTO: A person holds a tin of Bellamy's organic toddler milk formula in Sydney
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(Reuters) - Bellamy's Australia Ltd said on Wednesday it settled two shareholder class action lawsuits, without admitting liability, and will pay A$49.7 million (26.29 million pounds).Bellamy's is on the verge of being taken over by Hong Kong-listed China Mengniu Dairy Co in a A$1.43 billion deal.
Date Published: Nov 27, 2019
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