Australia: Bidding war over Warrnambool enters new phase
Canadian company Saputo will now face only rival Murray Gouldburn to acquire Australia’s oldest diary processor Warrnambool after Bega Cheese withdrew its bid, according to Canadian Manufacturing. Bega Cheese had launched a fierce bidding war over the acquisition of Warrnambool in September. However its share offer has thus far attracted less than 1% of shareholders. […]