Warrnambool still eludes Saputo

Three rival bidders means the Warrnambool takeover has not progressed very far at all

Has Foreign Investment Review Board approval for Saputo Inc’s takeover offer for Warrnambool Cheese & Butter Factory Holdings Ltd helped the Canadian diary giant succeed in its pursuit of the Victorian milk buyer and cheese producer?

In a word, no.

Saputo’s offer is conditional on 50.1 per cent of Warrnambool shareholders accepting its offer.

That still remains unlikely.

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