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Saputo Inc Announces Increased Offer For Warrnambool Cheese And Butter Factory Company Holdings Limited


Thursday, 24 Oct 2013 07:28pm EDT 

Saputo Inc announced that it has increased all-cash off-market takeover offer for all the issued shares in Warrnambool Cheese and Butter Factory Company Holdings Limited (Warrnambool) to $8.00 cash per share (the Offer). In response to the offer price increase by Saputo, the Board of Warrnambool has reaffirmed their unanimous recommendation that Warrnambool shareholders accept the Offer in the absence of a superior proposal. Each Warrnambool director and executive1 has also reaffirmed their intention to accept the Offer for all of the Warrnambool shares they hold or otherwise control in the absence of a superior proposal. 

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