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.
When teenage sensation Jack Hammond arrived in Tongala with his dairy farming family in January, his name sparked interest in several coaches across the district.
The Yarrawonga Pigeons have secured a vital win over Wangaratta Magpies at JC Lowe Oval in Yarrawonga.
On Wednesday, April 22, 11 walkers from Shepparton Adventure Club travelled to Strathmerton then on to Ulupna Island.
Uniformed police are being plucked from the district’s 16-hour stations to work with one-member stations so officers are not patrolling on their own.
A Rochester woman who stole more than $250 worth of money, cigarettes and food from her workplace of four years has been convicted and fined $500, plus court costs.
The final 25 players have been chosen to represent the Goulburn Valley Football League in their quest to regain the number one football ranking in country Victoria.
A 640 000 bird proposal finally gets the green light from Strathbogie Shire Council.
Record cattle prices were recorded at the Finley Saleyards on Friday
People in rural and remote areas are significantly over-represented in the number of deaths and serious injuries on our roads.
Barooga will host an information forum on the National Disability Insurance Scheme on Tuesday night.
The Deniliquin Rodeo Arena was in full swing for the recent Deniliquin Classic Barrel Race.
GrainCorp has announced an investment of $50 million to increase oilseed crushing capacity and efficiency at its Numurkah facility in Victoria.
Mark Soyer represented Australia at the 2015 IPC Alpine Skiing World Championships in Canada.
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