Saputo left no time for Warrnambool to consider rival bid

Warrnambool’s chief says Canadian dairy giant Saputo moved fast to trump Murray Goulburn's bid.

David Lord, Warrnambool Cheese and Butter Factory Ltd’s chief executive, says his company “never got the chance to fully evaluate” Murray Goulburn Co-operative Ltd’s takeover offer as Saputo Inc moved within the week to trump the rival bid.

“We had preliminary meetings with Murray Goulburn to obtain more information and the (Warrnambool) board was in the process of reviewing the bid,” Lord told DataRoom. “But Saputo’s revived offer arrived.”

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