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As the battle for Warrnambool Cheese & Butter Factory Co (ASX:WCB) continues Bega Cheese Limited (ASX:BGA) has today sweetened its bid.
Bega has boosted its offer to 1.5 Bega shares and $2 cash per Warrnambool share, valuing the offer at $8.87 per share.
The Australian suitor has also declared its bid unconditional and noted that rival offers from Murray Goulburn Co-operative Co Ltd and Canadian dairy giant Saputo are subject to conditions.
Australia’s biggest dairy exporter Murray Goulburn increased its all-cash bid to $9 per share yesterday ahead of Saputo who has offered $8 per share.
Bega Cheese has advised this is its final offer and will not be raised further.
Bega Cheese reported a net profit of $25.4 million in the 2013 financial year.
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Last
$5.17 |
Change
-0.040(0.77%) |
Mkt cap ! $1.577B | |||
| Open | High | Low | Value | Volume |
| $5.18 | $5.21 | $5.15 | $1.931M | 372.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 991 | $5.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.22 | 991 | 2 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| BGA (ASX) Chart |