#Dairy combatants turn attention to Bega
BEGA Cheese may be in play. Investment bankers on Melbourne’s Collins Street and their counterparts in Sydney are trying to position themselves to advise on a potential takeover offer for the NSW cheesemaker.
Bega Raises Warrnambool Bid to $454 Million in #Dairy Tussle
Bega Cheese Ltd. (BGA), one of three bidders for Warrnambool Cheese & Butter Factory Co. (WCB), raised its cash and share offer, valuing the Australian producer at A$486 million ($454 million).
#Bega Cheese board to ponder next moves
LATER this week Bega Cheese’s board of directors will meet. They may make their bid for Warrnambool Cheese & Butter Factory unconditional, while debating whether to raise their offer for the Victorian dairy company.
NZ's #Fonterra wades into Warrnambool battle, seeks #Bega stake
New Zealand dairy giant Fonterra Co-operative Group is building up a 10 percent stake in Bega Cheese Ltd, two people close to the transactions told Reuters, a move seen linked to an international battle for Warrnambool Cheese and Butter Factory Company Holdings Ltd (WCB).
#Saputo still determined to take over #Warrnambool
Canadian dairy processor Saputo denies it’s dumping its takeover bid for Warrnambool Cheese and Butter and instead targeting its rival bidder, Bega Cheese.
#Prospect of new Saputo bid lifts WCB shares
SPECULATION that Canadian firm Saputo might further up the ante in the bidding war for Warrnambool Cheese and Butter yesterday lifted WCB’s share price and that of its initial suitor, Bega Cheese.
#Dairy industry should stay local, Bega Cheese boss says
Bega Cheese shareholders have signalled they will not stand in the way of the company’s takeover offer for Warrnambool Cheese and Butter, as its chairman signalled his intention to pursue the bid amid rival proposals.
Why Bega Cheese can still be better
YES, the board of Warrnambool Cheese and Butter was absolutely correct in categorically rejecting the offer from Bega Cheese.
#Warrnambool Cheese and Butter Factory says Bega takeover offer 'inadequate'
Warrnambool Cheese and Butter Factory (WCB) is urging investors to reject a takeover offer from its slightly larger listed rival Bega Cheese.
#Warrnambool Cheese rejects Bega bid
Victorian dairy producer Warrnambool Cheese and Butter is advising shareholders to reject a takeover offer from its rival Bega Cheese.