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...

Tom McKay

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 crucial seat at the table through its stake in Warrnambool Cheese & Butter, with the strategic move designed to safe-guard Lion's every-day cheese deal with the Victorian dairy group. It's likely that Lion only wants to secure a stake to sure up future negotiations rather than takeover Warrnambool. Read more: (VIEW LINK)


Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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James Marlay

So many players involved. Bega on the table as a possible target now

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