Bega mulls higher bid for Warrnambool

Warrnambool CEO says Bega needs to raise its takeover offer and Bega’s chairman says he is thinking about it.

Bega Cheese Ltd chairman Barry Irvin says the company will think about whether to raise its bid for Warrnambool Cheese and Butter Factory Ltd, once the Australian Competition and Consumer Commission makes a ruling on Bega’s takeover offer for its Australian rival. 

“We do reserve our right to review our bid,” Irvin told DataRoom. “We’ve got a number of weeks to think about it.”

The ACCC has proposed a date of October 31 to release the competition ruling, according to its web site.



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