date:Jan 17, 2014
iling earnings, according to Thomson Reuters data.
'Ridiculous Price'
The shares closed at A$9.40 on Thursday, up 1.3 percent and close to the maximum Saputo has said it will pay if it receives at least 90 percent acceptance rate for its offer.
The price that was paid, on an earnings basis, looks ridiculous, said Chris Kimber, managing director at Kimber Capital.
Mark Topy, a senior industrial analyst at Canaccord Genuity Wealth Management, said Bega had played the battle well. The price Sap