Australia's resurgent agriculture sector has spawned yet another deal, with Bega Cheese ambushing Warnambool Cheese & Butter — but the bidder may have some competition. Elsewhere, Macquarie Group raises more than $1 billion for infrastructure investment in the US, while AGL and Crown celebrate regulatory victories at home and abroad. And Rio Tinto may finally develop Rhodes Ridge now that Gina Rinehart has been booted from the iron ore project.
Bega Cheese, Warnambool Cheese & Butter
As companies rush to capitalise on Asia's growing demand for Australian dairy, there are suggestions Bega Cheese isn't the only suitor eyeing Warnambool Cheese & Butter.