Sydney Olympic Park. Bidders for Dairy Farmers

Three rival bidders are in the race to acquire control of Dairy Farmers, based at Sydney Olympic Park, for a sale price of as much as $900 million. The bidders are Canada’s Saputo, a consortium of Italy’s Parmalat and Victorian co-operative Murray Goulburn and National Foods and Cheese and Butter in Victoria. The bidders have to gain clearance from the ACCC and the deal needs the approval of Dairy Farmers 2000 farmer-shareholders, according to The Australian Financial Review.