WCB 0.00% $9.01 warrnambool cheese & butter factory co.hold.ltd

lion buys blocking stake in wcb, page-11

  1. 480 Posts.
    Gurubob, why didn't you sell at $9.30?

    I'm not sure I buy this 'blocking stake' by Lion. Saputo's bid is conditional on 50.1%. If it raised its offer to $10.00+ and came to some deal with Bega and MG, and they tipped in, they could achieve 50.1% without much trouble. Lion as a 10% minority holder would be an irritant but hardly qualify for 'a seat at the table'.

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