The deputy chairman of takeover target Bellamy's Australia says he's had a ''very positive first chat'' with the group's largest shareholder Jan Cameron, who opposed a separate buyout by a Chinese company of a Tasmanian dairy group in 2016.
The Bellamy's board on Monday announced it would back a $1.5 billion takeover offer from $25 billion giant China Mengnui Dairy Company, and deputy chairman John Murphy said it was also ''feeling very positive'' about gaining the all-clear from the Foreign Investment Review Board.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
