Bega to win cheese

Warrnambool's rejection of Bega Cheese's $320 million offer is merely an attempt to extract a higher bid.

The words may appear harsh, the sentiment obviously negative. But there is every reason to believe Bega Cheese (BGA) will emerge the victor in its quest for control of Warrnambool Cheese and Butter Factory (WCB) despite this morning's knock-back.

Although fiercely independent, Warrnambool directors would be mindful of the need and the inevitability of dairy industry rationalisation.

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