date:Jan 10, 2014
d shares to A$9.20 in the event if it acquires 50% or more stake in Warrnambool.
The offer will further raise to A$9.40 per share if Saputo buys more than 75% or more shares, and the company will pay as much as A$9.60 to Warrnambool if it acquires 90% of shares.
Saputo aims to expand its presence in Asia-Pacific and position Warrnambool as the center of its operations in Australia to service the demand for dairy products in the region.
Meanwhile, dairy co-operative Murray Goulburn is awaiting