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Milk industry takeover battles: latest update

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The Board of the Victorian-based ASX-listed dairy company Warrnambool Cheese and Butter (WCB) is still advising WCB shareholders to reject the revised offer by New South Wales-based dairy company Bega...

Murray Goulburn ups offer for WCB after Saputo rival bid gets government all-clear

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The battle for Victorian-based dairy company Warrnambool Cheese and Butter (WCB) continues to heat up as Australian dairy co-operative Murray Goulburn has announced a revised takeover offer, increasing...

Fonterra acquisition of Bega shares signals a power shift in WCB takeover battle

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New Zealand based dairy giant Fonterra last week bought 9.3 million shares in New South Wales dairy company Bega for a total cost of $46 million, sending Bega’s share price to a record high. The buy-up...

Have the Canadians dealt the trump card for WCB?

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The Board of Victorian-based dairy company Warrnambool Cheese and Butter (WCB) has announced that it unanimously recommends its shareholders accept a revised offer from Canadian dairy company Saputo to...

Murray Goulburn joins battle for WCB takeover: Is Australia’s biggest dairy shake-up imminent?

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Australian dairy co-operative Murray Goulburn Co-operative Co. Limited (Murray Goulburn) has entered the battle for Victorian-based dairy company Warrnambool Cheese and Butter (WCB) with a $420 million...

Competition for WCB ownership heats up, share price climbs after offer from Canadian dairy processor

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The Board of Victorian-based dairy company Warrnambool Cheese and Butter Factory (WCB) has unanimously recommended that its shareholders accept a takeover bid from Canadian dairy company Saputo. The offer...

WCB trading update predicts doubling profit in 2014

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Victorian-based dairy company Warrnambool Cheese and Butter (WCB) has announced it expects EBITDA for the 2014 financial year to be in the range of $47 million to $52 million, up from the EBITDA $25.5...

WCB directors recommend shareholders reject Bega buy-out offer

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The Board of Victorian-based Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB) has unanimously recommended WCB shareholders reject a take-over offer from Bega Cheese Limited (Bega). On...

Australian dairy in play with Bega opening bid for WCB

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New South Wales-based dairy company Bega Cheese Limited (Bega) has announced that it intends to make an unsolicited off-market $319 million takeover bid for Victorian-based dairy company Warrnambool Cheese...

Australian dairy giants shape up for industry shake-out?

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Almost at the same time as reaching a momentous 10-year supply deal with Coles supermarket group and expanding its processing facilities, Australia’s largest dairy co-operative Murray Goulburn Co-operative...