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.

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