date:Jan 17, 2014
tense bidding wars in years, Bega now has a A$70 million ($62.5 million) windfall, wiping out debt and freeing up funds for new products or acquisitions.
Its position of strength, along with company statutes that would deter bidders, also means it hopes to stay independent even if international suitors call in what has become one of Asia's hottest food and drink sectors.
The intensity of the struggle for Warrnambool - nine bids or counter-bids since last September - reflects huge interest in A