Warrnambool Cheese and Butter's formal statement supporting the Saputo bid is now out.January 7, 2014 11:00am
Warrnambool Cheese and Butter has produced a 62 page statement urging its shareholders to reject the Murray Goulburn Co-operative share offer.
The company claims the Saputo offer is superior and have advised their shareholders to ignore Murray Goulburn.
Chairman Terry Richardson described Murray Goulburn’s offer as highly conditional and uncertain.
‘‘The intentions of Murray Goulburn regarding the future of WCB’s operations are unclear in a number of material respects, creating uncertainties for a range of WCB stakeholders,’’ he said.
He said each of the Warrnambool directors and senior executives have already accepted Saputo’s Offer for shares they hold, representing 1.95 per cent of all Warrnambool shares.
Although Saputo’s offer is 50 cents less than Murray Goulburn’s $9.50 offer, Warrnambool says Saputo’s Offer was considered superior to Murray Goulburn’s Offer based on an overall comparative assessment of value, certainty and timing value.
Saputo’s offer period will end at 7
One person is dead after a collision between a car and a truck on the Murray Valley Highway and Waaia Bearii Rd. Traffic is being diverted around the scene.
The first preliminary final on Saturday saw the Tungamah seniors start their campaign against Waaia at the Rennie Recreation Reserve.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
CLAIRE Murphy came home the other day.
BE LIKE Barry — the video by Campaspe Shire to educate children about recycling — was launched at St Mary’s Primary School on Monday.
WYUNA’s Memorial Hall was filled with over 80 people for the recent launch of the Wyuna History Group’s third book by Wyuna History Group researcher Noel Thompson – Wyuna Honour Roll 1914-1918.
Avenel win over Nagambie to take top spot
Berrigan Shire councillor Daryll Morris says he has been sickened by some of the vitriol and personal attacks to surface since the council’s proposal to redevelop Finley’s Memorial Hall and School of Arts site was revealed in October last year.
WINE is meant to be enjoyed with good food and good friends.
The preparations for the 10th Cobram Swap Meet have been given a boost with a brand new line marker. The Rotary Club of Cobram, which organise the swap meet, applied for a volunteer grant from the Federal Government, from which it received $4600.
Deni’s Debutante Ball gurus Vicki Ackers and Deb O’Connor love working with youth.
Tuesday, August 16
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
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.