Bega Cheese is under Algo Engine buy conditions and is a current holding in our model portfolio.
The share price has rallied from the $5.00 support level, following the announcement of Bega’s move to take ownership of the Lion Dairy & Drinks business. This includes brands such as Dairy Farmers, Yoplait, Big M, Masters and Farmers Union Iced Coffee.
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It’s a significant transaction for Bega as it presses ahead with plans to become an Australian-owned powerhouse in the food and drinks industry.
The combined group will have revenues of about $3 billion, with the addition of the Lion stable of brands more than doubling the size of Bega.
