The a2 Milk Company Limited (ASX:A2M, NZE:ATM) has received an expression of interest from two associated trade parties regarding a potential acquisition of the company.
The dual listed dairy group says the parties have stated their expression of interest is indicative and non-binding and may be withdrawn if it ceases to be confidential.
The proposal is subject to a number of conditions including access to due diligence, exclusivity, government approval and no change in the number of shares on issue.
a2 Milk says its board will seek further information on the proposal but says there is no certainty a deal will be done and it does not consider a takeover imminent.
Shares in a2 Milk closed at $0.51 on the ASX on Friday prior to the release of today’s announcement.
