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Warrnambool Cheese And Butter Factory Co Holdings Ltd Urges Hold-Off On Bega Cheese Ltd's Bid-AAP


Wednesday, 18 Sep 2013 01:35am EDT 

Australian Associated Press reported that Warrnambool Cheese And Butter Factory Co Holdings Ltd says the timing of a takeover bid by Bega Cheese Ltd is opportunistic, and advised its shareholders to take no action for now. The Warrnambool board is still reviewing Bega Cheese Ltd's $319 million unsolicited offer. The Company's shareholders have been advised to take no action in relation to the bid until the Warrnambool board issues a formal recommendation on the Bega offer. Bega already holds an 18% stake in Warrnambool.