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Dairy target upbeat

Takeover target Warrnambool Cheese and Butter says it could double earnings in the current year as market conditions improve. It forecast 2013-14 earnings of $47 million to $52 million, and last month rejected a $319 million offer from Bega Cheese. More details will be available when Warrnambool Cheese releases its target's statement.
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InvestSMART
By InvestSMART · 3 Oct 2013
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InvestSMART
By InvestSMART ·
3 Oct 2013
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Takeover target Warrnambool Cheese and Butter says it could double earnings in the current year as market conditions improve. It forecast 2013-14 earnings of $47 million to $52 million, and last month rejected a $319 million offer from Bega Cheese. More details will be available when Warrnambool Cheese releases its target's statement.
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Frequently Asked Questions about this Article…

Warrnambool Cheese and Butter forecast 2013-14 earnings of $47 million to $52 million.

Yes. The company said it could double earnings in the current year as market conditions improve.

Bega Cheese made a takeover offer for Warrnambool Cheese and Butter.

Warrnambool Cheese and Butter rejected a $319 million offer from Bega Cheese last month.

More details will be available when Warrnambool Cheese releases its target's statement.

The article said market conditions are improving, which Warrnambool cited as a reason it could double earnings in the current year.

The article reports two figures: an earnings forecast of $47 million to $52 million for 2013-14 and a rejected $319 million takeover offer from Bega Cheese; further context is expected in the target's statement.

The article mentions Warrnambool Cheese and Butter (the takeover target) and Bega Cheese (the bidder).