Business
Tanarra Capital increases Lion Dairy and Drinks bid by $30m – The Australian Financial Review
The auction for Lion Dairy and Drinks ain’t over just yet.
The auction for Lion Dairy and Drinks ain’t over just yet.
Three bids landed for Lion Dairy and Drinks earlier this month. Louie Douvis
Street Talk understands John Wylie’s alternative asset manager Tanarra Capital made another bid for the Kirin-owned division on Friday afternoon, increasing its offer by around $30 million.
The 11th hour re-bid comes on the same day Canadian dairy company Saputo was knocked out of the race, leaving Tanarra and ASX-listed Bega Cheese to battle it out for the $500…
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