Saputo's move has heaped pressure
on rival bidder Murray Goulburn, which is still up to six months away from getting regulatory approval.
Not exact matches
The application was withdrawn
on 23 January 2014;
rival bidder, Canadian dairy company, Saputo, made a successful bid.
The return to unit holders and shareholders is likely to have a bearing
on any vote
on the Saputo deal, particularly since a syndicate of
rival bidders has indicated a guarantee of $ 1 a unit or share when they cast their bid, expected in the coming weeks.
US drinks giant Constellation Brands is an unlikely
rival bidder after chief executive Robert Sands signalled in July when the company released its quarterly results, that the focus was
on paying debt and not large acquisitions.
Australia's largest dairy processor, Murray Goulburn, has alleged its
rival bidder, Canadian company Saputo, has contravened the «truth in takeovers» regulation, and that WCB shares have been trading
on the basis of misinformation.
Unlike
rival bidder Mahindra, Tata Motors is listed
on the NYSE, and its finances are relatively transparent.
Linklaters led for Steinhoff
on the Mattress Firm deal, while Travers took the lead
on the Home Retail Group offer, as Linklaters was conflicted as it was already advising Home Retail in connection with the approach from
rival bidder Sainsbury's.