DataRoom AM: Murray Goulburn use-by date

A partial float is unlikely to improve Murray Goulburn’s position in the race for WCB, while CapitaLand cleans up from an Australand block trade.

It’s looking more likely that Murray Goulburn will follow New Zealand giant Fonterra in raising equity outside the co-operative, but the plan to raise as much as $500 million is unlikely to help it gain control of Warrnambool Cheese and Butter. It may need to produce a new proposal in the next week or risk falling out of the race.

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