Saputo will win the cheesy war. We take a look at the players for Warrnambool Cheese (WCB) and find that Saputo has immense buying power -- just on interest rate differentials, it could theoretically pay $15 for WCB. However, it won't -- like a poker match, it just needs to... Show More
Bega Cheese has launched an investigation into recent trading activity to determine whether it is being stalked for a potential takeover, after New Zealand's Fonterra launched an audacious after-market raid. Bega, is seeking to ascertain who has been behind the recent share trading activity that has pushed the stock up... Show More
The battle for WCB has moved quickly over the past two weeks as competing bids continue to emerge from the wood work. We spoke with Mark Tobin (Equity Analyst) @wilsonam a few weeks ago when the Saputo offer first emerged. What is interesting was not only that he indicated additional... Show More
After a disasterous recent run in the dairy industry and write offs of more than 1.2BN in the past 5 years, Lion has bought a blocking stake of 9.9% in the Warrnambool Cheese and Butter Factory sending shares skyrocketing 10% to a high of $9.30. Lion has bought itself a... Show More
Murray Goulbourn have entered the bidding for Warrnambool Cheese and Butter (WCB) with an all cash bid of $7.50 per share over the top of the existing bid from Canadian major Saputo. Competing bids in the market continue to provide investors with the optionality to sit back and let asset... Show More
The battle for Warrnambool Cheese is heating up as a new player enters the takeover battle for what have been described as once in a lifetime truly unique assets. WCB was under a recommended offer from Canadian bidder Saputo after Bega had initially attempted to acquire the business. The latest... Show More
Stocks to watch on the Australian stock exchange at noon today based on event-specific activity - Ansell (ANN) to buy South Korean glove maker Midas; Warrnambool Cheese and Butter Factory (WCB) rejects Bega's $319mm takeover bid; BHP Billiton (BHP) raises massive US$5bn on global bond markets; Telstra (TLS) slashes more... Show More