date:Jan 21, 2014
id its Board was conscious of the significant value of the WCB shareholding and its obligation to continue to make sensible investment and capital management decisions. Accordingly, the risk in continuing to hold its WCB shareholding until the Australian Competition Tribunals decision regarding Murray Goulburns takeover or until a fourth bidder emerged was too great.
Bega Cheeses investment in WCB has been a resounding success for both companies, in enabling WCB to pay down debt in a time of ne