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Bega Cheese Limited (ASX:BGA) boss Barry Irvin says he plans to turn his attention to other targets after announcing the company would not pursue Warrnambool Cheese & Butter Factory Co (ASX:WCB) after its offer closes.
Mr Irvin told media Bega had not decided its next move, despite pressure to side with one of its rivals in the three-way bidding war.
Bega was the first party to bid for WCB, offering about $370 million in September before Canada's Saputo and Murray Goulburn entered the race and pushed the price as high as $538 million.
But Mr Irvin said there came a point when the offer had run its course.
Mr Irvin said the company would consider its options regarding its 18 per cent strategic stake in WCB.
Bega Cheese reported a net profit of $25.4 million in the 2013 financial year.
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Last
$5.24 |
Change
0.010(0.19%) |
Mkt cap ! $1.596B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.27 | $5.23 | $237.4K | 45.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1919 | $5.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.24 | 2689 | 23 |
View Market Depth
| Last trade - 11.55am 07/08/2025 (20 minute delay) ? |
| BGA (ASX) Chart |