BGA WCB

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  1. FNN News
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    05/12/13
    10:39
    Post #: 12661125
    .


    Warrnambool Cheese & Butter Factory Co (ASX:WCB) is advising shareholders to take no action in relation to their shares until directors have reviewed a revised bid from Murray Goulburn Co-Operative.


     


    The cheese maker is seeking leave to participate in the Australian Competition Tribunal process as an interested party as it considers the all cash $9.50 per share takeover offer from Murray Goulburn.


     


    The offer is conditional on the tribunal granting authorisation and WCB says it is reviewing a public version of the suitor's application but has not yet received supporting materials or a confidential version of the application.


     


    WCB is also fielding takeover offers from Canadian dairy giant Saputo, which it has recommended, and from Bega Cheese Ltd.


     


    Warrnambool Cheese & Butter Factory reported a net profit of $7.5 million in the 2013 financial year.

    WCB Price at posting: $9.15 Sentiment: None Disclosure: Held
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Last
$5.28 		Change
0.100(1.93%) 		Mkt cap ! $1.611B
Open High Low Value Volume
$5.15 $5.28 $5.15 $2.155M 410.7K

Buyers (Bids)

No. Vol. Price($)
2 859 $5.25
 

Sellers (Offers)

Price($) Vol. No.
$5.30 964 3
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