SAPUTO has edged another step closer to taking control of Warrnambool Cheese and Butter (WCB).
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The Canadian company this morning announced that its holding had increased from 46.17 to 47.85 per cent with the acquisition of a further 940,000 shares.
The company's offer closes at 7pm tomorrow, by which time its shareholding must exceed 50 per cent to give it control.
Saputo CEO Lino Saputo Jr during a visit to the south-west.