From the half yearly released yesterday:
'WCB has this week received a revised offer from Murray Goulburn which it is in the process of evaluating. A further statement will be made in due course.'
This was on top of some impressive results.
Has it been made public who the other unsolicited offer was made by? Purely opportunistic, or is there potential for 2 bidders?
Given the co-operative foundation of WCB, and the potential for an MG offer to appeal to this structure - the farmers themselves - does anyone have an indication of the likely revised offer price, and the co-operatives likelihood of accepting it? Good buying under $4?
Looking forward to further announcements.
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