The franking is more just for Sandon and other small Australian holders that make up a minuscule I think. Sandon refer to a potential near $1 of franking that should form part of it. But I think you correct in that it is not so much a factor for Saputo and Lion, perhaps more of a case of if the board are going to recommend the bid maybe they should think of all holders and potential franking that can be used.
WCB Price at posting:
$8.85 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.