date:Jan 17, 2014
ually value Warrnambool at a sizeable A$549 million.
Irvin said Bega's decision to pull out of the race in late December as bid prices spiked was taken with a cool head - as was the decision to hold its stake until Saputo sweetened its offer.
We remained disciplined and didn't allow ourselves to be distracted by the potential value that was being created by the bidding process, he said. The bidding has hoisted Warrnambool's stock to the point where it now trades at 38.2 times its 12 months tra