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Clover Industries Ltd (CLRJ.J)

CLRJ.J on Johannesburg Stock Exchange

16 Nov 2018
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Fri, Oct 19 2018

UPDATE 2-South African dairy firm Clover says in takeover talks, shares soar

* Clover has boosted profit with new strategy (Adds analyst quote, background)

South African dairy firm Clover says in takeover talks, shares jump

JOHANNESBURG, Oct 19 South Africa's Clover Industries said on Friday it has entered into talks with an unnamed party that intends to acquire the entire issued share capital of the dairy company, sending its shares up nearly 12 percent.

UPDATE 2-South Africa's Clover triples FY profit, impairment hurts shares

* Shares down more than 3 pct (Adds impairment details, listeria impact, dividend, updates share price)

South Africa's Clover Foods full-year profit soars

JOHANNESBURG, Sept 12 South African dairy company Clover Industries reported a 228 percent surge in full-year profit, boosted by its exit from its drinking milk business and a turnaround from a drought-stricken prior year.

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