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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...
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)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
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