A2 share price rose by 12% today on speculation of a take over by Nestle.

I think no further action would take place with this until A2 releases there FY2021 report.

As mentioned in my valuation I am happy to hold and expect A2 to keep trading between $6-$8.
 

Risks
Theres no clear end of the lockdowns and travel restrictions preventing the return of the Diagou channel.
 

Market Cap                          5.5b NZ
Expected Revenue FY21    1.2b NZ
Expected EBTDA (11%)      132m NZ
ROE                                       27%
ROC                                      38%
 

I'll be interested to see information about direct sales into China in the upcoming FY2021 report.