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Canadian dairy giant Saputo continues to lift its stake in Warrnambool Cheese & Butter Factory Co (ASX:WCB) inching towards its target 90 per cent level.
Saputo has announced to the market that it has a relevant interest in WCB of just over 78 per cent.
Having already exceeded the 75 per cent holding, Saputo says it’s increased its offer from $9.20 per share to $9.40.
The offer period has been extended to Wednesday February 12.
Saputo has warned the WCB share price may fall in the event it does not secure 90 per cent or more Warrnambool shares to move to compulsory acquisition.
Warrnambool Cheese and Butter Factory generated a full year net profit of $7.5 million.
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Last
$5.19 |
Change
-0.030(0.57%) |
Mkt cap ! $1.581B | |||
| Open | High | Low | Value | Volume |
| $5.28 | $5.28 | $5.18 | $1.967M | 378.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2014 | $5.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.21 | 3102 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BGA (ASX) Chart |
