DataRoom AM: Oh Canada!

Saputo still has hurdles to jump in its bid for WCB, while Air New Zealand denies it has its eyes on Virgin.

Treasurer Joe Hockey has provided swift approval to Saputo’s bid for control of Warrnambool Cheese and Butter, but it still leaves the Canadian dairy firm with one major mountain to climb. It also poses a pertinent ‘open for business’ question to the Abbott government in light of the slow response on the GrainCorp takeover.

Meanwhile, Air New Zealand has dismissed rumours it is interested in taking Virgin Australia private, though that won’t put an end to the speculation. The rumours, however, appear to have a major flaw.

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