date:Oct 30, 2013
Kirin Holdings Co Ltd bought a 10 percent stake in Warrnambool Cheese and Butter Factory Company Holdings Ltd (WCB) on Tuesday, in a move that could block a takeover of the Australian dairy company by Canada's Saputo Inc.
WCB has been the subject of a fierce bidding war, with Saputo, Canada's largest dairy producer, last week raising its bid to A$449 million ($430 million). That trumps separate approaches from WCB's two largest shareholders, Bega Cheese Ltd and Murray Goulburn Co-operative Co L