date:Mar 03, 2014
rocess, WCB has maintained its focus on maximising returns and the implementation of its strategic business initiatives.
During the six months to 31 December 2013 WCB was the target of takeover bids from Bega Cheese Limited, the Murray Goulburn Co-operative Co. Limited and Saputo Dairy Australia Pty Ltd.
As at 7pm on 12 February 2014, Saputo Dairy Australia Pty Ltd was successful in achieving 87.920% of voting power in WCB. Although the takeover process was lengthy and well publicised, the bid