date:Jan 21, 2014
ement with WCB
Bega said the sale to Saputo ends Begas strategic relationship with WCB, which commenced in 2010 when Bega supported WCBs $37 million capital raising through a placement and underwriting. The proceeds of that raising were used to reduce WCBs significant debt and were the catalyst for a rerating of WCB. Since then, Bega continued to build its shareholding through WCBs dividend reinvestment plan and on-market share purchases. Begas total investment in WCB was $32.9 million.
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