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Murray Goulburn says its takeover bid for Warrnambool Cheese & Butter Factory Co (ASX:WCB) is being hamstrung by regulatory requirements.

 

Murray Goulburn is involved in a three-way battle with Bega Cheese and Canadian dairy giant Saputo for control of WCB.

 

Murray Goulburn requires the Australian Competition Tribunal to approve its bid on national benefit grounds, a process which Murray Goulburn says could take three to six months.

 

In the meantime, the Foreign Investment Review Board has already approved the Saputo bid.

 

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