date:Oct 18, 2013
Warrnambool Cheese and Butter Factory Company Holdings Ltd's second-largest shareholder launched a A$420 million ($405 million) bid for the Australian dairy company on Friday, trumping two previous offers and fanning speculation of an even higher bid.
Murray Goulburn Co-operative Co Ltd, which owns about 17 percent of WCB, is offering A$7.50 per share in cash, more than a A$7 per share bid from Canada's Saputo Inc.
Australian company Bega Cheese Ltd, WBC's largest shareholder with almost 18 pe