Bega Cheese has decided to sell its 18.8 percent stake in Warrnambool Cheese and Butter to Canadian firm and front-runner in the bidding war, Saputo.
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Beam acquired by Japan’s Suntory for $15bn
Beam, the manufacturer of Jim Beam and Marker’s Mark, has been acquired by Japan’s Suntory Holdings for US$13.6 billion (A$15bn), with annual spirit sales for the combined company expected to top US$4.3bn.
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Canada’s loss is Australia’s gain in Saputo bid for WCB
Canada’s destructive agricultural supply management policies could be its unwitting gift to Australia.
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Saputo extends offer on Warrnambool bid
Saputo has extended the deadline on its $9 per share bid for Warrnambool Cheese and Butter.
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Saputo takes bigger bite of Warrnambool
The latest development in the bidding war for Warrnambool Cheese and Butter has seen the front-runner, Canadian company Saputo, increase its stake in the business.
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Shareholders should reject Murray Goulburn’s bid: Warrnambool
In response to Murray Goulburn’s $9.50 per share bid for Warrnambool Cheese and Butter (WCB), the dairy company has urged its shareholders to reject the offer, arguing the offer put forward by Canadian firm Saputo is superior.
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Warrnambool bid battle continues
The takeover battle for dairy company Warrnambool Cheese and Butter Factory continues, with Canadian firm Saputo considering extending its Friday deadline for acceptances of its $9 a share bid.
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Foreign investment and the popularity test: does GrainCorp set a new precedent?
Inserted within the ADM-GrainCorp decision was a never-before-seen rationale for rejecting a foreign investment: the tenor of community attitudes and level of popular support. This seemingly minor caveat may radically change the way in which foreign investment reviews are conducted by the Coalition government in coming years.
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Hockey’s GrainCorp ruling in-line with industry’s position : poll
Joe Hockey’s decision to disallow the acquisition of GrainCorp by Archer Daniels Midland is in-line with what the food and beverage industry believes is best for the country, according to a poll conducted by Food magazine.
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Government rejects GrainCorp takeover
Treasurer Joe Hockey has ruled against the sale of GrainCorp, Australia’s largest publicly-listed agribusiness, to US giant Archer Daniels Midland.
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Should Australia sell GrainCorp? : poll
Food magazine wants to know your thoughts on the pending sale of GrainCorp, Australia's largest publicly listed agricultural company.
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Keep Warrnambool in Aussie hands: UDV
Victorian dairy farmers are heading to Canberra today to argue that Australian processors need a level playing field as they compete with Canada's Saputo in the bid for Warrnambool Cheese and Butter (WCB).
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Libs vs Nats: GrainCorp stoush shows cracks run deep in the Coalition
The sale of GrainCorp is drawing attention to the fact that the Liberal-National Party coalition is not a single entity united in its approach to policy.
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Select Harvest acquires SA almond orchards
Almond business, Select Harvest, has entered into an agreement to acquire almost 100 hectares of land in the Riverland region of South Australia, more than a quarter of which comprises mature almond orchards.
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WCB battle and farmer ownership: dairy at a crossroads
The share price of Victorian dairy processor Warrnambool Cheese and Butter has more than doubled over recent weeks in response to a takeover tussle between Australian publicly listed company Bega, Canada’s publicly listed Saputo and Australian cooperative Murray Goulburn.
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Deputy PM wary of GrainCorp sale
Australia must control its food security, says Deputy PM Warren Truss, who is concerned that the sale of GrainCorp to ADM could see Australia's agricultural future determined by foreign businesses.
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ACCC gives Bega’s Warrnambool bid the all-clear
The Australian Competition and Consumer Commission has released a statement confirming that it won't oppose Bega Cheese's proposed acquisition of Warrnambool Cheese and Butter.
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Kirin buys 10 percent stake in Warrnambool
The Australian subsidiary of Japanese food giant, Kirin, has taken a 9.99 percent stake in Warrnambool Cheese and Butter, solving the mystery as to why the dairy’s shares soared as high as $9.30 on Tuesday.
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Pressure mounts to keep Warrnambool in Aussie hands
At a time when Australian owned businesses are under extreme pressure from cheap imports and rising operational costs, pressure is mounting to keep successful processors, such as Warrnambool Cheese and Butter in Australian hands.
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Warrnambool announces board changes
Following the company’s annual general meeting, Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB) have announced some changes to the company’s board.
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