The Business

Canadian company buys Murray Goulburn


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Dairy co-operative Murray Goulburn has come under fire from its farmers after the announcement of a $1.3 billion sale to Canadian-owned giant Saputo which sees another prized food company sold to foreign buyers. The management of the debt-laden company says the deal offers the best outcome for investors, but the sale still needs the approval of shareholders and regulators.
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The BusinessBy [email protected] (ABC News)