Warrnambool war raises questions

Warrnambool Cheese directors have quickly endorsed the latest bid from Saputo. They are not so keen on a local takeover.

At last, a counterbid. It is the one thing that has been lacking in the three way battle for control of Warrnambool Cheese and Butter.

And it is unlikely to be the last.

Curiously, as it did with Saputo's initial offer, the WCB board has immediately endorsed the revised bid from the Canadians.

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