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.”


{{ twilioFailed ? 'SMS Code Failed to Send…' : '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

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles