The Adviser 1378

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No 1:1378

Arrests made following recent

A WONDERFUL HOLIDAY DESTINATION

“This kind of piece has a very conversational and positive vibe to it”

FAIRWELL TO CANCER VOLUNTEERS PAGE 2

COMMUNITY CONNECT | page 6 Letters to the Editor | page 8 Classifieds | pages 22-25 7 Day TV Guide | page 26 Sport Adviser | page 27

Jon Campbell, Artist

Adviser Travel

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PAGE 20

with Geoff Vallance

WEDNESDAY NOVEMBER 1, 2017

ADVERTISING HOTLINE: 5832 8900

$1.3B DEAL to put Murray Goulburn in Canadian hands

burglary spree

By David Lee FOLLOWING a spate of burglaries across the Greater Shepparton area over the past month, Shepparton Police have arrested a 17 year old and in a separate incident charged an 18 year old on Wednesday last week. A 17 year old Shepparton male was arrested on Wednesday last week and interviewed over commercial burglaries in the Shepparton area throughout October. Continued on page 14

TRANSACTION HOPES TO PROVIDE STEP FORWARD… Pending approval, a transaction being entered into by Murray Goulburn could see the dairy giant sell to Canadian company, Saputo, for $1.31B, which Murray Goulburn chairman, John Spark believes would represent the best available outcome for suppliers and investors. Photo: Supplied.

MURRAY Goulburn (MG) suppliers last week reacted with shock to news the dairy co-op had accepted a $1.3B buyout from Canadian company Saputo, but there is some hope that the deal will help repair confidence in the industry after a turbulent two years. While the deal still needs approval from the Australian Competition and Consumer

Commission and the Foreign Investment Review Board, it would see Saputo take control of all of MG’s operating assets and operating liabilities. AS part of the transaction there will be commitments in place for active MG suppliers totalling approximately $114M enabling a step up of $0.40 per kilogram

milk solids (kgMS) to $5.60 per kgMS for the FY18 FMP3 for milk supplied from November 1, 2017 and, on completion of the transaction, for milk supplied from July to October 2017 and an additional $0.40 per kgMS loyalty payment in FY18 for Active MG suppliers. Continued on page 18


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