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Warrnambool Cheese & Butter Factory Co (ASX:WCB) shares have been placed in a trading halt, pending the release of a Takeovers Panel announcement about the off-market takeover bid from Canadian dairy giant Saputo.
WCB says it expects to make an announcement about the outcome of the Takeovers Panel proceedings today.
The cheese maker expects the trading halt will end on the release of the announcement or at the start of normal trade on December 18, whichever is earlier.
Saputo, Bega Cheese Limited (ASX:BGA) and Murray Goulburn are in a bidding war for WCB.
Warrnambool Cheese & Butter Factory reported a net profit of $7.5 million in the 2013 financial year.
