WCB: All the way to $8.50?

The Victorian dairy group can lure offers well beyond last week’s $7.50 Murray Goulbourn bid.

Investors have been stunned at the intense three-way takeover battle that has broken out over Victoria’s Warrnambool Cheese and Butter Factory (WCB). But professional investors are now suggesting bids for the dairy group may shoot as high as $8.50 after last week’s $7.50 bid from Murray Goulburn.

As WCB stock hovers around $8.10 on the ASX (October 23) the die is cast for one of the hottest significant takeover battles seen on the ASX for years.

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