yep, I was thinking the same thing earlier today. As it is, the market sees WCB around 2-3% off of the MG's $9.50 offer. Not much extra profit to be made in this one.
China has been busy lately though... Bright Food Group Co Ltd, China's second-largest food producer, acquired a midsized Australian dairy company following the purchase of Manassen Foods.
Could be some more consolidating within the Australian dairy market. A few may be still eyed as a takeover target.
WCB Price at posting:
$9.27 Sentiment: Sell Disclosure: Not Held