'of course were bega to sell their holding to saputo we are...

'of course were bega to sell their holding to saputo we are getting closer, but there are stumbling blocks'

Well, there was this story that BGA are talking to Chinese interests at $10, but that seems to have died.

I concur with your view of the Board. I think their original mistake was to jump at Saputo's original offer without considering that other options might appear.

I wonder what the advice will be if a higher Chinese offer does materialise?

I've just come back from New Zealand where I talked to a farmer about Fonterra. The government there recognised the merits of the same sort of case that's so scared the ACCC.