Bega denies WCB bid request

Suitor refuses to budge on performance rights condition despite target request.

Warrnambool Cheese and Butter Factory Company Holdings (WCB) intends to seek shareholder approval for the grant of extra performance rights to its chief executive officer, despite Bega Cheese's (WCB) takeover offer saying no performance rights are to be granted during the offer period.

In a statement to the Australian Securities Exchange, WCB said it plans to seek approval at its annual general meeting to grand additional performance rights to CEO David Lord, in accordance with its executive performance rights plan.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles