Bega – Rallies 10%+

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.

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.