Potential Saputo acquisition in Australia sparks regulatory fears

Quebec dairy giant Saputo may have to relinquish an important factory in Australia in order to allay concerns by regulatory authorities if the firm’s offer to acquire Murray Goulburn, the country’s largest dairy producer, succeeds.
Saputo has offered $1.3 billion to acquire the Australian co-op, but the country’s competition and consumers rights agency worries the deal will cause the price of dairy products to plummet.
In an emailed statement, Saputo said Monday that it had ent