DataRoom AM: Saputo's bittersweet bait

Saputo’s ‘sweetened’ WCB bid could wind up at the Takeovers Panel, while Dexus is far from out of the race for CPA.

Saputo has made one last-ditch effort to get its takeover proposal for Warrnambool Cheese and Butter over the line before Christmas, but has it really sweetened its offer or just simplified it? Crucially, the company has yet to declare its latest offer ‘final’, meaning it realises there may still be a bit of action to play out in the long-running saga.

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