GFM Network News

Australia puts Saputo’s bid for cheesemaker on hold

The three-way battle for Australia’s oldest dairy firm took a fresh twist on Friday when a regulator temporarily stopped Canadian suitor Saputo Inc. from processing acceptances for an offer that has the backing of the target’s board. The blow to the A$515 million bid from Canada’s biggest dairy processing firm for Warrnambool Cheese and Butter […] Read more