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The largest shareholder in Blackmores says he’ll wait for six months before deploying the $334 million coming to him from the Kirin buyout.
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Shares in Australia’s largest health supplement group Blackmores (ASX: BKL) surged this week after it revealed Japan’s Kirin had made a $1.8 billion offer.
To say Blackmore was at odds with the performance of the board and its chief executive is the mother of all understatements.
The Blackmores Ltd (ASX: BKL) share price just leapt 22% on a $1.9 billion takeover offer. Here’s what you need to know.