date:Jan 27, 2014
Saputo's relevant interest above 75% of WCB, triggering an increase in the offer consideration to at least $9.40 per share. In accepting into the Saputo offer MG will receive at least $92.9 million of cash proceeds, which will result in a gain on investment before tax and costs of approximately $51 million.
Commenting on the decision to accept into the Saputo offer, MG's Managing Director Gary Helou said: The sale of our WCB shareholding represents an excellent financial outcome for our co-ope