Murray Goulburn to accept Saputo's WCB offer MURRAY Goulburn has indicated that it plans to sell into Saputo's $500 million-plus takeover bid for Warrnambool Cheese & Butter, further cementing the Canadian group's hold on the local dairy processor. The co-operative will withdraw its own rival takeover bid in the process. Murray Goulburn, a 17.7 per cent shareholder in Warrnambool, stands to make around $93m in the deal, representing a $51m gain on its initial investment. Its acceptance will take Saputo's relevant interest in the target company to more than 75 per cent, triggering a rise in the offer price from $9.20 to $9.40 a share.