date:Oct 18, 2013
rcent, had kicked off the bidding war with an initial cash and share offer worth A$5.78 per share in September.
The question now is what Saputo does from here, said Mark Topy, senior industrials analyst at Canaccord Genuity. Bega is an outside chance to bid higher but Saputo, they're a big global company, they've got the pockets to bid higher.
Shares in WCB jumped 6 percent to a record high of A$7.90, having traded around A$4.50 per share before Bega's September offer.
Bega could also find it