WCB could hit $11: source
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Warrnambool Cheese & Butter's (WCB) share price could reach highs of $11 before it is swallowed by one of three suitors pursuing the company, one source predicted yesterday.
While analysts were quick to play down the suggestion, they added it was completely unexpected that the target's share price would ever trade as high as it has.
The dairy stock was trading at $8.55 by close of play yesterday, pricing in the likely chance of either Bega (BGA), Murray Goulburn or Canada's Saputo raising its offer for the company. Bega will discuss its intentions at a company board meeting today.
WCB's shares have doubled since Bega initially bid $320 million for the company in September (see WCB: All the way to $8.50?).
The highest offer is from Canadian giant Saputo, worth almost $450m. In the region, there is strong competition for milk supply between Warrnambool, Fonterra and local dairy co-operative Murray Goulburn.
If Saputo secures control of WCB, it could potentially be a stronger competitor, given that as a $10 billion company it has a stronger balance sheet than its rivals. Saputo has signalled it would grow WCB's operations, which suggests the company could continue to grow its milk supply.