WCB board recommends Canadian bid

 In Australia, NewZealand
The directors of Australia’s oldest listed milk processor has unanimously recommended a $390 million takeover by Canadian dairy company, Saputo, to shareholders.
Warrnambool Cheese and Butter’s board has entered into a bid implementation deed with Saputo, which has offered WCB shareholders $7 cash per share.  Sydney Morning Herald – Read more…

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