Warrnambool Cheese & Butter Factory Co
(ASX:WCB) has entered a trading halt due to negotiations about a proposed revised takeover offer from Canadian dairy giant Saputo.
WCB says it expects to make an announcement about Saputo's offer today or on November 18.
The target says the trading halt will cease on release of the announcement or at the start of trade on November 19.
Warrnambool has also received takeover offers from Murray Goulburn and Bega Cheese Ltd.
Warrnambool Cheese & Butter Factory reported a net profit of $7.5 million in the 2013 financial year.
