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...

James Marlay
James Marlay Livewire Markets

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 development see Murray Goulbourn, whose flagship brand is Devondale, emerge with a $7.50 per share all cash offer representing a 7% premium to the current and recommended offer from Saputo. (VIEW LINK)

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