date:Oct 30, 2013
td.
The purchase of the 9.99 percent stake by Kirin's Australian food and beverage unit Lion threatens to derail Saputo's bid, said Evan Lucas, a strategist at IG in Melbourne.
It means that if they, Bega and Murray Goulburn banded together, they'd now have just shy of 50 percent so they will be able to block the bid from Saputo, he said.
Lion, which has brands including Berri juices and Pura milk as well as XXXX, Steinlager and Toohey's beer, said it had enjoyed a close relationship with WCB