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 40 per cent since announcing a takeover offer for Warrnambool Cheese & Butter in mid-September. The remarkable rally, which takes Bega's market capitalisation to over $730m and more than 25 times its forecast earnings for 2014, combined with Fonterra's buy-in is fuelling speculation that Bega is also in play. Good article in The Australian (VIEW LINK)
The Livewire Equities feed brings you a range of insights that relate to Australian equities
No areas of expertise
Bega board met on Thursday to consider raising the bid...