Saputo, Bega Cheese will consider whether to increase their offers for Warrnambool Cheese & Butter Factory after AU$420M bid from Murray Goulburn

Nevin Barich

October 20, 2013 (Australian Financial Review) – Bega Cheese and Saputo will consider whether to increase their offers for Warrnambool Cheese & Butter Factory, after a $A420 million bid from Murray Goulburn. It is thought that Bega shareholders will support raising its $A372 million cash and scrip bid at a meeting on 22 October 2013. Canadian dairy company Saputo is considering whether to lift its $A393 million offer. Murray Goulburn is seeking a ruling on the deal from the Competition Tribunal

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