.
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.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$5.25 |
Change
0.070(1.35%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.25 | $5.15 | $890.7K | 171.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 5822 | $5.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.25 | 5438 | 24 |
View Market Depth
| Last trade - 14.00pm 30/07/2025 (20 minute delay) ? |
| BGA (ASX) Chart |