That approach will be short lived and will isolate those that...

That approach will be short lived and will isolate those that already supply BGA if the FGMP gap is (a) too large, and (b) goes beyond one season.

So to work backwards they will need to estimate what the ex-MGC milk intake may be and their own milk intake will be and what the potential gap is they will need to make up in a bid price offer and if that drives a different between the FGMP for each supplier set they have a problem. Secondly is it is an unsustainable model as then BGA runs the risk of a milk run in a year or so.

BGA better off and waiting to see how MGC wants to proceed with a whole-of-business sale, whether by auction, tender, BAFO, closed EOI or some other means and then crafting a bid they can exit from but affords them visibility of what other bidders are putting forward.

ACCC and FIRB will be all over this one if MGC are genuinely seeking a complete buyer for the company. I don't believe they are, I think it is a mere box-ticking exercise.