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re: Ann: Saputo Announces Improved and Simpli... Saputo increases takeover offer for Warrnambool Cheese and Butter
Updated 7 minutes ago

Warrnambool Cheese and Butter Factory
PHOTO: Saputo, Murray Goulburn and Bega Cheese are vying for Warrnambool Cheese and Butter Factory. (Tony Allan )
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MAP: Warrnambool 3280
Canadian dairy giant Saputo has further increased its takeover offer for Warrnambool Cheese and Butter.

There is currently a three-way way bidding war for the south-west Victorian dairy company, with Murray Goulburn and Bega Cheese also vying for the processor.

Saputo says it is increasing its offer to $9.20 if more than 50 per cent of Warrnambool's shareholders accept Saputo's offer.

Saputo's takeover bid currently has the backing of Warrnambool's board.


http://www.abc.net.au/news/2013-11-25/saputo-increases-takeover-offer-for-warrnambool-cheese/5114654