Bega bunkers down

Bega has been trumped on its bid for Warrnambool Cheese and Butter but it is refusing to throw in the towel.

It may be outgunned on price but Bega Cheese (BGA) reckons it still is in the box seat to grab Warrnambool Cheese and Butter (WCB).

Canadian group Saputo has slapped $7 a share in cash on the table in a move that has won the approval of the Warrnambool board and that easily trumps Bega’s cash and scrip combo valued at around $6.30.

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