Bega against Warrnambool CEO share bonus

 In Australia, NewZealand
Takeover target Warrnambool Cheese and Butter Factory (WCB) will seek shareholder approval to grant $175,000 in performance rights to its chief executive, despite opposition from suitor Bega Cheese.
But WCB says it won’t grant the performance rights unless it is sure that Bega’s takeover offer for WCB will be unsuccessful.
Three companies are trying to take over WCB: Bega Cheese, Canadian dairy giant Saputo, and the Murray Goulburn Co-operative.  Sydney Morning Herald – Read more…

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