Business
ASX 200 rises on Christmas Eve
The S&P/ASX 200 Index (ASX: XJO) went up by around 0.3% to 6,665 points.
Here are some of the highlights from the shortened trading day on the ASX:
A2 Milk Company Ltd (ASX: A2M)
A2 Milk confirmed that, as previously contemplated, it has decided to enter into binding agreements relating to the acquisition of a 75% interest in Mataura Valley Milk (MVM), which is a dairy nutrition business in New Zealand.
The company said that the proposed acquisition will provide the opportunity for A2 Milk to participate in nutritional products manufacturing, provides supplier and geographic diversification and strengthens its relationship with key Chinese partners.
A2 Milk will spend NZ$268.5 million to buy 75% of MVM, based on an enterprise value of…
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