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News: BGA Canada's Saputo to buy Australia dairy producer Murray Goulburn for $488 mln

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    27/10/17
    12:20
    Post #: 28250997

    (Corrects equity value of the deal in headline and paragraph 1)

    Oct 27 (Reuters) - Murray Goulburn Co-operative (MGC) , Australia's largest milk processor, on Friday said it agreed to a buyout from Canadian dairy company Saputo Inc SAP.TO worth up to A$637.8 million ($488 million).

    Murray Goulburn said Saputo would pay between A$1.10 and A$1.15 per share, compared to its A$2.10 issue price when it listed in 2015.

    A total buyout value of A$1.3 billion would include the company's debts and liabilities. ($1 = 1.3079 Australian dollars)

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