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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.

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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