ACCC has concerns over Murray Goulburn’s takeover of WCB

 In Australia, NewZealand
The competition regulator has cast doubts over Murray Goulburn’s claim that its acquisition of Warrnambool Cheese & Butter will yield benefits to the public and re-establish Australian dairy’s global competitiveness.
Murray Goulburn is locked in a fierce $500 million-plus takeover battle for control of WCB with Canadian dairy company Saputo.
Murray Goulburn must convince the Australian Competition Tribunal that the public benefits of its acquisition of WCB outweigh anti-competitive concerns or its bid is finished.  Sydney Morning Herald – Read more…

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