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Saputo raises bid for Australian dairy company Warrnambool
date:Oct 25, 2013
are, topping the most recent A$7.50 per share offer from Murray Goulburn Co-operative Co Ltd, which owns about 17 percent of Warrnambool. Australia's Bega Cheese Ltd kicked off the takeover battle with a A$5.78 per share approach a month ago.

WCB directors recommended the revised Saputo offer.

Shares in WCB closed at A$8.15, reflecting investor expectations of a higher bid, having jumped from A$4.51 before the initial Bega approach.

12/25 02:59