Saputo moves closer to a whiff of the big cheese

Saputo's offer for Warrnambool reflects international firms' strong desires to establish Australia as a base into Asia, with a tasty premium to sway reticent shareholders.

The arrival of a white knight for Warrnambool  Cheese and Butter Factory in the form of Canadian dairy giant Saputo will throw up a fresh test of the government’s foreign investment credentials. It also caps years of ambition for Saputo to gain a greater foothold in the local market as a springboard to Asia.

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