Vegemite the Secret Behind Australia's Best Stock in 2017: Chart

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.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE