Farms.com Home   Ag Industry News

Saputo Increases Ownership in Australian Dairy Firm

By Farms.com Staff

Saputo Inc., a Canadian dairy giant bought more shares in Australia’s oldest and fifth largest dairy processor, Warrnambool Cheese & Butter Factory Holdings Co.

Montreal-based Saputo bought Warrnambool’s shares after its rival, Bega Cheese Ltd. agreed to sell its 18.8 percent stake, making Saputo own 45.2 percent of the company.

Saputo has offered AU$9.40 per share if it gets 75 percent of Warrnambool and $9.60 per share if it gets 90 per cent. The offer is said to expire Jan. 22.  
 


Trending Video

Cattle Markets - Mike Briggs

Video: Cattle Markets - Mike Briggs

We were at Briggs Feed Yard this week and joining us to discuss recent trends in the Cattle Markets is none other than Mike Briggs. Here is our conversation from Wednesday.