Saputo offers more for Warrnambool Cheese

Canadian dairy giant Saputo has extended its offer for Warrnambool Cheese and Butter in Australia, meaning its A$515 million (€336.7m) bid is live until 22 January.  It owns 21.39% of the firm. The offer keeps it ahead of rival bidder Murray Goulburn of Australia, which currently has 17.7% of the firm’s shares.