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You can find the current article at its original source at http://www.theguardian.com/business/2014/jan/29/warrnambool-cheese-and-butter-shareholders-offered-added-bonus
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Warrnambool Cheese and Butter shareholders offered added bonus | Warrnambool Cheese and Butter shareholders offered added bonus |
(7 months later) | |
A hold of more than 75% of shares by Saputo automatically increases the buyout price from $9.20 to $9.40 cash a share under the terms of its takeover offer. | |
It also automatically extends the offer period, which will now close on February 12. | It also automatically extends the offer period, which will now close on February 12. |
But the two Australian companies have agreed to sell their stakes in WCB to Saputo, ending the takeover battle. | But the two Australian companies have agreed to sell their stakes in WCB to Saputo, ending the takeover battle. |
When Bega Cheese initiated the battle for WCB in September 2013, WCB shares were trading at $4.51. On Wednesday morning, WCB shares were flat at $9.42. | |
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