Sentences with phrase «butter takeover offer»
On Wednesday Bega said it would not extend its Warrnambool Cheese & Butter takeover offer of $ 2 cash and 1.5 Bega shares, leaving Saputo and Murray Goulburn to fight it out for control of Warrnambool's 900 million litre milk pool and state of the art processing facility at Allansford, Victoria.
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Canadian dairy giant Saputo has extended its takeover offer for Warrnambool Cheese and Butter and lifted its stake in the target to more than 21 per cent.
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.
Prominent Bega Cheese investor Ross Barker has backed the company's decision to hold out on accepting Saputo's takeover offer for Warrnambool Cheese & Butter.
On Tuesday, Lion said: «Further to the statement issued on January 23, 2014 and following a request for clarification from ASIC, Lion confirms that it has no current intention to accept Saputo's takeover offer in relation to Warrnambool Cheese & Butter, although it reserves the right to do so.»
The dramatic takeover battle for Warrnambool Cheese & Butter could take another turn in its dying moments, with Japanese - owned Lion looking like it will not sell its 10 per cent WCB stake into Canadian giant Saputo's offer.
Two bidders for Warrnambool Cheese & Butter, Murray Goulburn and Bega Cheese, could turn to the Takeovers Panel to derail a revised offer for the producer from Canadian dairy giant Saputo.
Canadian dairy giant Saputo is trying to use the prospect of closing its $ 500 million takeover offer for Warrnambool Cheese & Butter to pressure Bega Cheese into selling its 18.8 per cent WCB stake but the Montreal - based company is widely expected to extend its offer.
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.
Bega Cheese has extended its takeover offer for Warrnambool Cheese & Butter, while rival bidder Saputo has built its WCB stake to almost 15 per cent.
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.
Aggrieved Warrnambool Cheese & Butter suitor Murray Goulburn is seeking interim orders from the Takeovers Panel to stop rival bidder Saputo from processing acceptances for its $ 9 - a-share cash takeover offer.
The Australian Government's Takeovers Panel has issued interim orders to prevent Canadian dairy company Saputo from processing any acceptances received under its takeover offer for Warrnambool Cheese and Butter (WCB).
Meanwhile, Australian dairy co-operative Murray Goulburn has announced an increased all cash takeover offer for Warrnambool Cheese and Butter (WCB) of $ 9.50 cash per share.
WARRNAMBOOL Cheese & Butter Factory is preparing to mount a vigorous defence to Bega Cheese's $ 320 million takeover offer, with its initial response bearing a striking resemblance to its rejection of previous suitor, Murray Goulburn, almost four years ago.
Murray Goulburn Co-operative Co Ltd has asked the Australian Takeovers Panel to force rival suitor Saputo Inc (SAP.TO) drop its revised offer for Warrnambool Cheese and Butter Factory Co (WCB.AX), the regulator said on Wednesday.
A day before its offer closes, Canadian dairy giant Saputo now has a near 48 per cent stake in takeover target Warrnambool Cheese and Butter Factory (WCB).