Warrnambool Cheese and Butter’s board has recommended a new takeover offer from Canadian dairy player Saputo, who late on Thursday upped its bid in the three-way battle for the Victorian company.
Saputo is now offering $8 cash per share for the company, trumping farming cooperative Murray Goulburn’s recent offer of $7.50. It follows Saputo’s original offer of $7 a share. Sydney Morning Herald – Read more…