date:Nov 18, 2013
tralian Competition Tribunal. Saputos bid, though, is unconditional.
The board of directors of Warrnambool, which is one of Australias largest milk processors, reaffirmed its unanimous recommendation that Warmambool shareholders accept Saputos offer.
Saputo on Oct. 25 bid A$8 per share, and earlier bid A$7 on Oct. 8.
Based on the current issued share capital of Warrnambool, the purchase price for 100% of the shares would equal approximately $499 million.
With two manufacturing sites in South