But unlike the contest for WCB, which made it the world's most
expensive dairy company, a $ 1.27 billion takeover offer for food manufacturer Goodman Fielder has been branded «opportunistic».
While the $ 500 million - plus sale of WCB has made it the world's most
expensive dairy company based on price to earnings ratios, farmers have had a simpler equation on their minds.
This is despite a three - way global bidding war for Warrnambool Cheese and Butter, which made it the world's most
expensive dairy company on a price - earnings multiple.