date:Nov 06, 2013
he business.
Mr Irvin said the stake was taken in a friendly manner and it shows Fonterra's support for Bega.
We are very pleased, as we have argued right the way through, the strong value of Bega Cheese shares and now they are at $5, (comparable) to the $8 Saputo mark, he said.
The difference is we are giving people the opportunity to merge the business together and retain ownership.
Bega offered 1.2 shares for every WCB share plus $2 cash.
Mr Irvin confirmed Fonterra and Bega had not disc