The NZ based milk / baby food manufacturer A2M rallied over 7% on Tuesday, clearly a good move on a very weak day until we consider the plunge over last 12-months, a large short position could easily see this squeeze continue. The rally following ongoing rumours that the embattled business had become a takeover target with Canadian diary giant Saputo one of the touted names plus we also heard noises of a European food business raising capital for a potential acquisition – as a holder let’s hope it’s a case of theres no smoke without fire!
MM remains long and bullish A2M
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