Kirin Holdings, Japan’s largest brewer and owner of Australian-based National Foods, has won the battle to acquire dairy co-operative Australian Co-Operative Foods (ACF) Limited (Dairy Farmers). In conjunction with Warrnambool Cheese and Butter, National Foods outbid other interested parties, which reportedly included Saputo and Murray Goulburn. Dairy Farmers announced today that National Foods will acquire all of the shares in the Co-operative for a cash consideration of $5.65 per share,... ...Read more »