Saputo may launch knock-out blow for Warrnambool

Analysts and bankers expect the Canadian dairy giant to offer as much as $8 a share for Warrnambool, possibly next week.

Saputo Inc is expected to trump Murray Goulburn Co-operative Ltd’s $7.50 a share takeover offer for Warrnambool Cheese and Butter Factory Ltd by offering to pay as much as $8.

Warrnambool shares today rose as high as $7.98, suggesting investors expect the Canadian dairy giant may announce an improved bid for the Victorian dairy company.


SMS Code Sent…

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

Log in to access this content

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

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles