Warrnambool shares in trading halt

Dairy group set to make announcement about fresh Saputo takeover bid.

Warrnambool Cheese and Butter Factory Company Holdings (WCB) has entered a trading halt due to negotiations about a proposed revised takeover offer from Canadian dairy giant Saputo.

In a statement to the Australian Securities Exchange, WCB said it expects to make an announcement about Saputo's offer today or on November 18.

The target said the trading halt will cease on release of the announcement or at the start of trade on November 19, whichever is earlier. 

Warrnambool has also received takeover offers from Murray Goulburn and Bega Cheese (BGA). 

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