date:Nov 26, 2013
key to the deal.
Murray Goulburn's A$9 per share bid is hamstrung because it needs regulatory approval from the Australian Competition and Consumer Commission (ACCC), meaning it cannot make an unconditional offer.
In 2010, Murray Goulburn dropped a A$180 million bid for Warrnambool after the ACCC expressed concerns about reduced competition for milk supplies.
Bega already has ACCC approval for its final offer of A$2 cash and 1.5 Bega shares per Warrnambool share, currently valued at around A$