Dairy

Murray Goulburn sits tight on bidding

27 September 2017

SIMONE SMITH, The Weekly Times
September 27, 2017 12:00am
A CLEAR picture of who is bidding for Murray Goulburn could appear within weeks.

On Monday Fonterra confirmed it had “submitted an indicative non-binding proposal” to the Murray Goulburn board.

Fonterra Australia managing director René Dedoncker said Murray Goulburn appeared to be moving “pretty quickly”.

“I think it is weeks not months but I don’t have a date,” he said.

Last week Murray Goulburn quashed rumours an offer had been made for its traded units valuing them at $1.20. This would be 30 per cent higher than what they closed at on Monday.

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