Bega leverages its strategic wedge in the WCB war

The surge in value of Bega's stake in Warrnambool Cheese and Butter has helped it make a higher scrip bid. If Bega wins, it may itself become a takeover target.

Bega Cheese has cleverly leveraged off both the dramatic $1 a share increase in the bidding for Warrnambool Cheese and Butter by Murray Goulburn on Wednesday. It has now made a final attempt to overcome long odds and win the fiercely contested auction for WCB.


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