(Bloomberg) -- The best-performing stock in Australia got there with back-to-back deals. The A$460 million ($351 million) purchase of the iconic Vegemite spread from Mondelez International Inc. kick started a rally in Bega Cheese Ltd. shares in January. Bega followed with the sale of a plant to Mead Johnson Nutrition Co. for A$200 million -- an “extraordinary deal,” according to brokerage Baillieu Holst Ltd. Bega closed out the first quarter atop the S&P/ASX 200 benchmark.
To contact the reporter on this story: Vivek Shankar in Sydney at vshankar3@bloomberg.net.
To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Jake Ulick, Peter Vercoe
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