NEW Zealand dairy titan ­Fonterra has confirmed it has made a bid for Australia’s ­biggest dairy processor, Murray Goulburn Co-operative. It comes after investment bank Deutsche called for first-round bids for Melbourne-based Murray Goulburn by midway through this month. Fonterra Australia managing director Rene Dedoncker yesterday acknowledged the group was a bidder. He would not elaborate on details of Fonterra’s bid but said a combined Murray Goulburn and Fonterra could work well. Shares in Pepper rallied 4.3 per cent yesterday, closing at $3.65.

Source: Daily Sun September 25, 2017 12:00 UTC