During the week MGC received an approach from a shareholder seeking to sell its WCB stock. MGC agreed to acquire that stock, and has bought further stock on market.

“This demonstrates that, despite the WCB Board’s assertions, a number of WCB shareholders support our views”, Murray Goulburn Managing Director, Mr Stephen O’Rourke said.

“We also remain convinced that a merger between MCG and WCB is the right thing for suppliers, and we are now focussed on engaging with both WCB shareholders and suppliers to explain the benefits and logic of our recent proposal”, Mr O’Rourke said.