date:Feb 17, 2014
Canadian dairy giant Saputo has closed its unconditional all-cash takeover offer for Warrnambool Cheese and Butter (WCB) and now holds 87.92% share in the Australian firm.
The company stated that going forward it will work closely with WCB's board and management to strengthen the business operations as well as pursue its strategic objectives.
Warrnambool would remain listed on the ASX until it no longer meets criteria for listing.
For the transaction, Rothschild and Rabobank provided financia