WCB no longer listed on stock exchange

06 Mar, 2017 12:08 PM
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Saputo, a Canadian dairy giant, completed the takeover of Warrnambool Cheese and Butter (WCB) on February 27.
The company will be removed from the official list of the ASX on Thursday, March 9.
Saputo, a Canadian dairy giant, completed the takeover of Warrnambool Cheese and Butter (WCB) on February 27.

Warrnambool Cheese and Butter will no longer be listed on the Australian Stock Exchange.

The move follows the successful takeover of the company by Saputo.

The stock will be suspended from quotation today.

The current price shown for the stock is 9.01.

The company will be removed from the official list of the ASX on Thursday, March 9.

Listed companies are required to supply financial reports on a half-yearly and annual basis in Australia.

Listed companies are also subject to much greater disclosure requirements than unlisted companies.

Saputo, a Canadian dairy giant, completed the takeover of Warrnambool Cheese and Butter (WCB) on February 27.

Saputo bought about 88 per cent of WCB after an intense four-way bidding struggle broke out in late 2013.

WCB is the fourth biggest dairy business in Australia.

Saputo is also the largest cheese maker and a leading milk and cream processor in Canada, one of the top three cheese businesses in the US and a major yoghurt producer, and the third largest dairy company in Argentina.

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