Murray mulls higher WCB bid

DataRoom: Group to apply for Aust Competition Tribunal clearance next month.

Murray Goulburn Co-operative will submit an application to the Australian Competition Tribunal and a bidders statement by mid November as part of its attempt to acquire Warrnambool Cheese and Butter Factory (WCB) as it contemplates trumping Saputo Inc’s $8 a share offer for Warrnambool.

The Victorian dairy cooperative expects the Australian Competition Tribunal to take a minimum of three months and a maximum of six months to consider its application to take over Warrnambool.

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