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.


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