Murray Goulburn lifts Saputo bid

Suitor increases takeover offer, while rival Bega's shares spike as it joins Takeovers Panel application to stymie Saputo's bid.

Murray Goulburn Co-operative Co has increased its takeover offer for Warrnambool Cheese and Butter Factory Company Holdings (WCB), while Bega Cheese (BGA) has backed Murray Goulburn's application to the Takeovers Panel to block rival Saputo's bid.

At 1025 AEDT, Bega surged 4.73% to $4.87, after climbing as high as $4.94 in earlier trade, against a benchmark index lift of 0.4%, while WCB was flat at $9.25.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

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

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

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles