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Saputo increases takeover offer for Warrnambool Cheese and Butter Updated 7 minutes ago
Warrnambool Cheese and Butter Factory PHOTO: Saputo, Murray Goulburn and Bega Cheese are vying for Warrnambool Cheese and Butter Factory. (Tony Allan ) RELATED STORY: Dairy farmers warn of 'tipping point' as Warrnambool sale nearsRELATED STORY: New player in dairy industry aims to become major milk producer MAP: Warrnambool 3280 Canadian dairy giant Saputo has further increased its takeover offer for Warrnambool Cheese and Butter.
There is currently a three-way way bidding war for the south-west Victorian dairy company, with Murray Goulburn and Bega Cheese also vying for the processor.
Saputo says it is increasing its offer to $9.20 if more than 50 per cent of Warrnambool's shareholders accept Saputo's offer.
Saputo's takeover bid currently has the backing of Warrnambool's board.
