DataRoom AM: Saputo's big win

Murray Goulburn mulls its options as Saputo sees a majority stake in WCB, while the race for Shell's Australian assets continues.

The jostle for control of Warrnambool Cheese and Butter could be over today as Saputo moves to a majority stake just ahead of its final offer deadline being hit. The development leaves Murray Goulburn with a few decisions to make.

Elsewhere, the number of bidders thins for Royal Dutch Shell’s Australian refining and petrol businesses, BHP Billiton exits a joint venture in the Philippines and speculation swirls around the potential for Qantas asset sales.

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