date:Oct 25, 2013
are, topping the most recent A$7.50 per share offer from Murray Goulburn Co-operative Co Ltd, which owns about 17 percent of Warrnambool. Australia's Bega Cheese Ltd kicked off the takeover battle with a A$5.78 per share approach a month ago.
WCB directors recommended the revised Saputo offer.
Shares in WCB closed at A$8.15, reflecting investor expectations of a higher bid, having jumped from A$4.51 before the initial Bega approach.