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

please explain

  1. 7,492 Posts.
    lightbulb Created with Sketch. 73
    i don't get it.

    Murray Goulburn offer $9.00

    Fonterra pay approx $9.20 odd for a heap of shares

    and now Bega ups their offer to 1.5 shares plus $2.00

    even Bega's offer, they calculated the price at $8.87

    now Bega's shares are at $4.45, on my calculations that's $8.68. That's still the lowest bid around.

    why would they accept such a low offer?
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