Sept 16 (Reuters) - Bellamy's Australia Ltd BAL.AX :
* BELLAMY'S ENTERS INTO SCHEME IMPLEMENTATION DEED WITH MENGNIU
* CASH AMOUNT VALUES BELLAMY'S EQUITY AT APPROXIMATELY $1.5 BILLION
* IF SCHEME PROCEEDS, BELLAMY'S SHAREHOLDERS TO RECEIVE A TOTAL OF $13.25 CASH PER SHARE
* ENTERED INTO A SCHEME IMPLEMENTATION DEED UNDER WHICH IT IS PROPOSED THAT CHINA MENGNIU DAIRY CO WILL ACQUIRE CO
* UNDER SCHEME IMPLEMENTATION DEED, BELLAMY'S IS PERMITTED TO PAY A SPECIAL DIVIDEND OF $0.60 PER SHARE,
* BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND THAT BELLAMY'S SHAREHOLDERS VOTE IN FAVOUR OF SCHEME, IN ABSENCE OF A SUPERIOR PROPOSAL
* SUBJECT TO SHAREHOLDER APPROVAL, OTHER CONDITIONS OF SCHEME BEING SATISFIED, DEAL IS EXPECTED TO BE IMPLEMENTED PRIOR TO END 2019
* CO'S SHAREHOLDERS WILL RECEIVE $13.25 PER SHARE ($12.65 PER SHARE SCHEME CONSIDERATION PLUS $0.60 PER SHARE SPECIAL DIVIDEND)