The all -
scrip bid values Oil Search at $ 11.65 billion.
Not exact matches
Late on Friday night Saputo revealed it was lifting its $ 8 cash per share
bid to $ 9 per share, matching Murray Goulburn's offer but putting it slightly below Bega Cheese's cash and
scrip bid, which
valued WCB shares at $ 9.13 on Friday.
Even after the
bids rose from Bega's initial cash and
scrip offer, which
valued WCB at $ 5.78 in September, to Saputo's unconditional $ 9 a share and Murray Goulburn's $ 9.50 offer, Mr Renyard wasn't thinking about a one - off cash injection.