WCB chief sells shares to Saputo

David Lord says he expects his fellow directors and executives to do the same.

David Lord, chief executive of Warrnambool Cheese and Butter Factory (WCB), has sold his 10,000 Warrnambool shares to Saputo Inc and expects his fellow directors and executives to also sell their stock to the Canadian company, which has offered $9 per share in cash to acquire the Victorian dairy producer.

“I’ve accepted the Saputo offer and mailed it off,” Lord told DataRoom. “Directors have made a commitment to sell to Saputo.”

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