date:Nov 26, 2013
Canada's Saputo Inc declared its A$505 million ($463 million) bid for Warrnambool Cheese and Butter Factory Co unconditional on Monday and said it would hike its offer if it won control of Australia's oldest dairy maker.
The revised bid increases the pressure on rival bidder Murray Goulburn Co-operative Ltd, which has said it is considering increasing its offer that is conditional on securing approval from competition regulators.
But with Murray Goulburn, Bega Cheese Ltd and Kirin Holdings Co