date:Nov 06, 2013
Bega Cheese last week received the green light from the Australian Competition and Consumer Commission to pursue with its takeover bid for WCB.
Since then, its share price has risen by 26 per cent - helped along by New Zealand dairy giant Fonterra picking up a 6 per cent stake on Thursday last week.
I'm relaxed about it,Barry Irvin,Bega's executive chairmansaid. From my perspective they are one of our customers and the organisation has had a relationship with them ever since Fonterra created t