date:Dec 19, 2013
Canadian dairy products maker Saputo has increased its offer price for all issued shares of Australian cheese maker Warrnambool and further extended the offer period to 10 January 2014.
The latest offer price will be A$9.20 in the event if Saputo acquires 50% or more shares in Warrnambool.
The offer price will further increase to A$9.40 in the event if Saputo acquires more than 75% or more shares in Warrnambool. Saputo will pay as much as A$9.60 to Warrnambool if it acquires 90% of shares.
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