Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Saputo (T.SAP) willing to pay more for Aussie cheese firm

Stockhouse Editorial
0 Comments| December 17, 2013


Saputo (TSX: T.SAPStock Forum) says it's willing to pay substantially more for Australia's Warrnambool Cheese and Butter if it can get as much as 90 per cent of its stock.

The company is maintaining its base offer at AU$9 per share but says it will pay as much as AU$9.60 cash per share if it gets at least 90 per cent of WCB's stock. That would value the deal at C$510 million.

Saputo shares rose 0.87% to $47.58 in late morning trading, Monday.


Tags: PACKAGED FOODS CONSUMER DEFENSIVE

Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.