TractorWise

Saputo increases Australian dairy offerMONTREAL - Canadian dairy giant Saputo Inc. has sweetened its offer to buy out minority shareholders of Warrnambool Cheese and Butter Factory Co. as it seeks to gain full control of the Australian company.A subsidiary of Montreal-based Saputo is offering A$9.05 per share cash (C$9.11 at current exchange rates) for each of the remaining shares of the Australian cheese and dairy producer. Saputo took control of the company in 2014 after a hard-fought takeover battle.The ...