Milk producer Wattle Health Australia Ltd. said Jan. 9 that negotiations of a revised deal to acquire 75% of privately held maker of infant dairy products Blend and Pack Pty. Ltd. are continuing.

Wattle Health's latest announcement comes nearly two months after it disclosed that it revised its agreement to buy Blend & Pack from Mason Group Holdings Ltd. for US$55 million.

The company said it will provide another update by Jan. 10. Wattle Health's shares suspended from trading, pending the update.