date:Jan 07, 2014
Interest in Victorian dairy company Warrnambool Cheese and Butter (WCB) has attracted a new potential bidder, according to media reports.
There is speculation that Chinese state-owned China Investment Corporation is interested in WCB and may step into the bidding war.
Canadian dairy company Saputo has a $9 per share offer for WCB that is due to expire Friday 10 January 2014, though there is speculation that deadline could be extended.
The WCB Board has unanimously recommended that shareholder