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Reuters
Reuters
Business

Bellamy's Australia settles two class actions for about $34 million ahead of takeover

(Reuters) - Bellamy's Australia Ltd <BAL.AX> said on Wednesday it settled two shareholder class action lawsuits, without admitting liability, and will pay A$49.7 million ($33.73 million).

Bellamy's is on the verge of being taken over by Hong Kong-listed China Mengniu Dairy Co <2319.HK> in a A$1.43 billion deal.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Shri Navaratnam)

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