Bega bid 'highly opportunistic': WCB

Warrnambool Cheese & Butter urges shareholders to take no action, highlights growth potential as it reviews offer.

Warrnambool Cheese & Butter Factory (WCB) has labelled Bega Cheese's (BGA) takeover bid "highly opportunistic" and urged shareholders to take no action as it continues to mull the offer.

In a statement to the Australian Securities Exchange, the dairy producer said its "highly favourable" growth prospects had made it an attractive target.

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