Murray Goulburn enters binding agreement to sell to Saputo for A$1.3 billion

Thu, 26 Oct 2017

By Rebecca Howard Oct. 27 (BusinessDesk) - Murray Goulburn Cooperative, Australia's largest milk processor, has entered a binding agreement to sell all its operating assets and liabilities to Canada's Saputo for A$1.31 billion, it told shareholders at their annual meeting. "The transaction has the full support of the board, including supplier directors, who believe that the Saputo transaction represents the best available outcome for our suppliers and our investors, providing real value for shareholders and rewarding our loyal suppliers t...

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