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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
3 mins to read

A2 Milk burns through cash as takeover talks stall

Capital raising one of "a wide range of different possibilities"

Jenny Ruth
Thu, 20 Aug 2015

A2 Milk [NZX: ATM] burned through $10 million of cash in the year ended June and has just $6.1 million left as it ramps up infant formula production and launches in the United States.

The company called off a planned equity raising in June after its major shareholder, Australia-based Freedom Foods

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Jenny Ruth
Thu, 20 Aug 2015
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A2 Milk burns through cash as takeover talks stall
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