KPMG calls Bega offer 'unfair'
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Warrnambool Cheese and Butter Factory Company Holdings (WCB) says an independent expert's report has concluded Bega Cheese's (BGA) takeover offer is neither fair nor reasonable.
In a statement to the Australian Securities Exchange, WCB said KPMG Corporate Finance's report concluded Bega's offer consideration is between 17.1% and 18.9% lower than its assessed valuation range for WCB shares.
KPMG assessed WCB's value at between $6.96 and $7.49 per share, and assessed Bega's offer at between $5.77 and $6.08 per share.
Canadian dairy group Saputo has made a takeover offer of $7.00 cash per share, which falls within the independent expert's valuation range and is 18.1 per cent higher than the mid point of KPMG's assessed value range of Bega's offer, or $5.93 per share.