Kirin enters WCB fight

Lion Nathan has taken a strategic stake in Warrnambool Cheese and Butter as the takeover battle reaches fever pitch.

Japanese group Kirin has revealed itself as the mystery buyer of a blocking stake in Warrnambool Cheese and Butter (WCB).

The Japanese brewer which owns Lion Nathan and Dairy Farmers this morning placed an order for $40 million worth of WCB stock at $9.25, sending Warrnambool's share price soaring to as high as $9.30, snapping up 9% of the company.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles