Sentences with phrase «based dairy giant»

The capital raising would help to reduce the dairy co-operative's 52 per cent debt - to - equity ration and help «fund a third knock - out bid» which is expected to be $ 10 a share for Warrnambool, which is being courted by Montreal - based dairy giant Saputo and it's $ 9 - a-share takeover bid.

The Auckland - based dairy giant said it wanted to participate in the Australian dairy industry's consolidation.

He describes it was a «positive blowback» from the drama at Murray Goulburn, which was quickly followed by New Zealand - based dairy giant Fonterra in also cutting payments hard.

Not exact matches

In an attempt to stabilise its Australian operations and improve returns, dairy giant Fonterra will sell its yoghurt and dessert business to the Aussie subsidiary of Italy - based Parmalat.

While capitalism dictates that to the victor go the spoils, it does seem a shame that an opportunity to create a global dairy giant based in Australia has been lost, with effective control of Warrnambool passing to our much - loved Canadian cousins.

Canadian dairy giant Saputo and NSW - based Bega Cheese have both cleared their external regulatory conditions and declared their WCB offers unconditional, while Murray Goulburn may have to wait six months for merger authorisation.

Whilst capitalism dictates that to the victor go the spoils, it does seem a shame that an opportunity to create a global dairy giant based in Australia has been lost, with effective control of Warrnambool passing to our much - loved Canadian cousins.

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.

The Chengdu - based, New Hope Group, and the Periches are targeting the giant Moxey Farms dairy outside Forbes as their first joint transaction.