Bega Cheese may still be on the prowl for other dairy companies to snap up.April 1, 2014 9:35am
Bega Cheese may still be on the prowl for other dairy companies to snap up.
The company started last year’s bidding frenzy for Warrnambool Cheese and Butter and although missing out to Canadian company, Saputo, ended up with a multi million bonus when it sold its Warrnambool shares.
Bega chairman Barry Irvin told Tatura Milk suppliers at last week’s meeting that the board still wants to see further consolidation of the dairy industry to improve value creation.
In February Mr Irvin said Bega Cheese ‘‘has the balance sheet strength, business profile and performance that positions it well to pursue that value creation’’.
A mystery buyer recently snapped up 9.4 million shares recently for $5.55 per share, representing an investment of $52 million in Bega.
Tatura milk is also in a stoush with the Australian Tax office over whether the company was a co-operative in 2009, 2010 and 2011, and the ATO has served up a tax bill of $13 million.
The tax office served the notice on parent company Bega on March 4.
Mr Irvin said he didn’ believe ‘‘the tax office is always right’’ and had gone back to its advisers to put a further submission to the office.
Shepparton police are looking for Vikramjit Singh, who escaped Dhurringile Prison last night.
Yarrawonga Football Netball Club senior footballer Jeremy O’Brien celebrated his 200th senior Ovens and Murray Football Netball League game against the Wodonga Bulldogs on Saturday.
Following a concerted effort by Merrigum Community Group to upgrade signage in the town, it was announced at last Monday’s community meeting that design of a new information sign, to be located near the bus shelter in Waverley Ave, has been completed.
Echuca Special Olympics basketball team won a gold and silver medal at the Winter State Games.
Rochester resident John Constable has received the latest vision scanner available, thanks to Rochester Lions.
100 days at Tongala Primary.
It's not everyday you get 'most sincere thanks' from the Queen - as a Seymour girl found out.
St Joseph's Jerilderie teacher Steve Jones has released an album with his band, Steve Jones and The Velvet Glove.
The district has shivered during the past couple of weeks with night temperatures falling below zero. For those prepared to brave the winter chill, Lake Eppalock offers stunning scenery and yellow wattle brightens district forests.
Black Dog ride participants meet up in Cobram before they burn rubber to beat the blues.
Deniliquin woman Georgia Henderson calls on Member for Farrer Sussan Ley to come out in support of same-sex marriage.
Wheat crops sown at the end of April to mid-May were two to three weeks early, increasing the risk of frost damage, the Finley Discussion Group’s meetings earlier this month heard.
John 'Jack' Roe remembered as a gentleman; battle-scared but a genuine, dignified man of integrity.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.