date:Feb 11, 2014
Saputo Inc., the largest dairy processor in Canada, has won the bidding battle for Warrnambool Cheese and Butter Factory Co. Holdings Ltd., one of Australias largest milk processors. Now the company has its sights set on other acquisition targets, including opportunities in the United States.
As of Feb. 4, Saputo had obtained a 78.943% interest in Warrnambool shares. Based on the current issued share capital of Warrnambool, 100% of the shares of Warrnambool would be valued at approximately C$52