WCB Reports Solid First Half As MGC Considers Revised Bid

As it prepares itself for an anticipated upwardly revised takeover bid from domestic rival Murray Goulburn Co-operative (MGC), Australian dairy firm Warrnambool Cheese and Butter Factory (WCB) has underlined its value by posting solid financial results for the first half of its 2010 fiscal year (ending June). Benefiting from greater convergence between commodity prices and the farmgate prices WCB pays its suppliers, H110 profits have soared. However, whether this will be enough to ward off MGC remains to be

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