DataRoom AM: Warrnambool churn

The fight for WCB intensifies with speculation over new players, while Woolworths' ParkNShop play proves a bridge too far.

The fight for control of Warrnambool Cheese and Butter has intensified after major shareholder Murray Goulburn lobbed an offer the group’s way. The move ensures there’s a three-way race for the Victorian dairy firm, but could a fourth, or even fifth, player emerge and take the prize? Meanwhile, Woolworths scraps its bid for a major presence in Hong Kong, the Nine Entertainment float shapes up as the biggest on the ASX since 2010, RHG commits to a suitor again and James Packer looks longingly toward Sri Lanka.

Warrnambool Cheese and Butter, Saputo, Bega Cheese, Murray Goulburn

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