date:Nov 26, 2013
a 10 percent stake in Warrnambool to protect its joint venture interests with the cheesemaker.
Saputo, Canada's largest dairy company, said it would pay shareholders A$9.20 per share in cash if it won more than 50 percent acceptances for its offer closing on December 13, valuing the company at A$515 million.
The simplified offer removes conditions associated with dividends payable by Warrnambool.
But Murray Goulburn said the revised bid would actually mean lower value to some Warrnambool sha