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Saputo raises bid for Australian dairy company Warrnambool
date:Oct 25, 2013
Saputo Inc, Canada's largest dairy producer, raised its bid for Australia's Warrnambool Cheese and Butter Factory Company Holdings Ltd (WCB) on Friday, valuing the company at A$449 million ($430 million) and trumping two earlier offers.

Australian dairy and farm assets are attracting increased international interest as companies ramp up their exposure to Asia's growing appetite for milk, cheese and other food products.

Saputo raised its cash offer by 14 percent to A$8 per share from A$7 per sh

12/25 03:02