Slice of Warrnambool

Murray Goulburn, the dairy co-operative at the centre of the recent Coles milk deal, has boosted its stake in Warrnambool Cheese and Butter. After snapping up 1.2 million WCB shares for $5.5 million, Murray Goulburn has moved to 14.5 per cent, from 11.9 per cent. Managing director Gary Helou said there was no intention to make a takeover offer.

Murray Goulburn, the dairy co-operative at the centre of the recent Coles milk deal, has boosted its stake in Warrnambool Cheese and Butter. After snapping up 1.2 million WCB shares for $5.5 million, Murray Goulburn has moved to 14.5 per cent, from 11.9 per cent. Managing director Gary Helou said there was no intention to make a takeover offer.

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