butter factory

butter factory BEGA Cheese chairman Barry Irvin has hosed down speculation that the privately owned company could mount a takeover of Australia's largest dairy processor Warrnambool Cheese & Butter Factory when restrictions on the level of ownership of the company are lifted on Wednesday.The shareholder cap, which prevents any one holder owning more than 15 per cent of Warrnambool, has protected the former co-operative from hostile takeover since it listed in May 2004, reports The Australian Financial Review .Australia's biggest dairy co-operative Murray Goulburn has been sitting on an 11.4 per cent stake since its unsuccessful offer last year.Analysts say it could return to target Warrnambool while global dairy giants including Canada's Saputo could also take an interest.Any such moves would put pressure on Bega to consider its next move.

butter factory