Warrnambool to reject bid: report

Board expected to tell investors offer doesn't match its growth prospects.

Warrnambool Cheese & Butter Factory's (WCB) board is expected to deliver a letter this week urging its shareholders to take no action on Bega Cheese's (BGA) takeover bid, The Australian Financial Review reports.

According to the newspaper, the letter is expected to advise investors that Bega's $319 million offer does not fit with WBC's growth strategy, with earnings expected to improve significantly over the current financial year.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles