date:Jan 27, 2014
ders it a lost opportunity for the Australian dairy industry that Saputo received Foreign Investment Review Board (FIRB) approval in a significantly shorter timeframe than the process MG was required to follow. From the point that Saputo was granted FIRB approval, the MG offer was not capable of being acted on by WCB shareholders in the same time period. Consequently, MG was not able to compete realistically on a level playing field with a competing international bidder for WCB.
The values that