MG shareholders to vote on Saputo deal

By Rodney Woods

Milk processor Murray Goulburn has released the full details of the proposed Saputo deal ahead of a shareholder vote at next month's Extraordinary General Meeting (EGM).

An explanatory memorandum explains the background of the Saputo deal, what the offer is and outlines what shareholders will be voting on at the April 5 meeting.

The Saputo takeover is dependent on a number of factors including a majority vote from shareholders.

Murray Goulburn directors have recommended that shareholders vote in favour of all resolutions considered in the EGM, in the absence of a superior proposal.