Now that WCB is all but done and dusted, the interest will now turn to BGA.
Fonterra at last look held just over 9% of BGA and they will do everything to ensure they protect the manufacturing agreement currently in place. No doubt they will be eying off BGA as a takeover target, and soon.
MG will not want to miss out on acquiring, possibly the last major Dairy manufacturer in Australia.
Lion Nathan will also be looking to grow their business here in Australia to shore up raw material supply for their Asian operations.
This is getting very interesting, and could well prove to be very profitable for BGA shareholders. And that is after they get their big fat dividend cheque from the sale of their shares in WCB to Saputo.
Any other views?
bga accept saputo offer, page-2
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Last
$5.09 |
Change
-0.200(3.78%) |
Mkt cap ! $1.552B | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.24 | $5.06 | $4.181M | 810.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1873 | $5.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 10227 | 5 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BGA (ASX) Chart |