date:Dec 19, 2013
Saputo pays the maximum, Warrnambool will be valued at about A$537m (or $480m) at current exchange rates.
Earlier, Saputo offered A$9 per share for all issued shares in Warrnambool Cheese and Butter.
The deal will enable Saputo to foray into the Australian market apart from a foothold in the Asia-Pacific region.
In addition, Saputo has also offered withdrawal rights to Warrnambool shareholders who accepted its offer on or before 17 December 2013, with a withdrawal period ending on 3 January