Sentences with phrase «butter takeover bid»
Saputo's decision to shut the door next week on its $ 500 - million plus Warrnambool Cheese & Butter takeover bid has set the lights flashing in the Bega Cheese war room.
http://www.afr.com/ Not exact matches
Confirmation that Saputo has picked up just shy of 4 per cent of Warrnambool Cheese & Butter, along with suggestions the Canadian dairy giant might be hauled into the Takeovers Panel in the wake of Monday's simplified bid terms, talks directly to the competing strategies at play in this intricately poised takeover battle.
Canadian dairy giant Saputo, which has made an unconditional $ 515 million takeover bid for Warrnambool Cheese and Butter, said it now holds 3.73 per cent of voting power in Australia's oldest dairy maker.
During the heated takeover battle for Warrnambool Cheese & Butter this year, Murray Goulburn's bid was thwarted because of concerns about a reduction in local competition.
For instance, he recently bought Warrnambool Cheese & Butter shares at the early stage of the takeover bid by Canada's Saputo.
US agribusiness giant Archer Daniels Midland's failed $ 3 billion takeover bid for east - coast grains handler GrainCorp and the $ 500 million plus takeover battle for Victoria's Warrnambool Cheese & Butter have underscored the red - hot demand for Australian agriculture assets.
The momentum behind Saputo's $ 500 million - plus takeover bid for Warrnambool Cheese & Butter could become a breaking of the dam if Bega Cheese sells its 18.8 per cent WCB stake to trigger additional payment hurdles in the Canadian dairy giant's offer.
Victorian dairy farmer co-operative Murray Goulburn is considering raising its $ 500 million - plus takeover bid for Warrnambool Cheese & Butter to about $ 10 a share in an effort to arrest the momentum behind Canadian rival Saputo's offer.
Updated The battle for Warrnambool Cheese & Butter has hit $ 9.60 a share, after the Australian Takeovers Panel ordered Saputo to raise its bid for the milk processor.
The battle for Warrnambool Cheese & Butter has hit $ 9.60 a share, after the Takeovers Panel ordered Saputo to raise its bid for the milk processor.
Victorian dairy farmer co-operative Murray Goulburn is considering raising its $ 500 million - plus takeover bid for Warrnambool Cheese & Butter to about $ 10 a share.
The Canadian dairy giant Saputo is bidding for Warrnambool Cheese & Butter — a takeover target that the co-operatively owned Australian dairy giant Murray Goulburn would also like to own.
Australia's largest privately owned milk processor, United Dairy Power, has backed Canadian dairy giant Saputo's bid for control of Warrnambool Cheese & Butter in a fierce $ 500 million - plus takeover battle with Victorian farmer co-operative Murray Goulburn.
Warrnambool Cheese & Butter chief executive David Lord has called on shareholders to accept Canadian giant Saputo's $ 500 million - plus takeover offer as WCB gets set to formally reject Murray Goulburn's rival bid in its target's statement.
Canadian dairy giant Saputo has extended its $ 9 - a-share, cash takeover offer for Warrnambool Cheese & Butter as it awaits the Takeovers Panel's ruling on whether it has misled shareholders with its revised bid.