another party, page-19

'As I remember, Bega is now on the outlook for other companies to takeover, and if their opportunity to grab another company cannot wait, then they may make a deal sooner than later'

I missed that. I wonder what companies they might be thinking of?

My feeling is that it's a deal they'll want to do. There wouldn't be any point in allowing a stalemate to develop especially if that meant a big fall in the WCB sp. There would also be little point in remaining in as a minority shareholder.

I also think that one of the reasons why the BGA sp has stayed up is because it may also be a target, for Fonterra perhaps.

I'm not so sure about this. The last Fonterra result wasn't very inspiring, and a cash bid for the rest of BGA would be expensive.

btw, another neat piece of arithmetic is that if BGA and Lion throw in with Saputo, that is also over 45% so MG would have a job getting to 50%. Saputo would be much closer.

I continue to await BGA's decision.