date:Jul 21, 2015
New Zealand-based milk marketing company a2 Milk has rejected a joint takeover proposal from Australia's Freedom Foods and US food giant Dean Foods.
The company's board did not consider the proposal, which was made in June, as compelling.
Earlier, a2 Milk in a statement said the proposal was non-binding and is subject to a number of key conditions including access to due diligence, exclusivity, no material adverse change in the affairs or prospects of a2MC, various approvals including under th