Canada's largest dairy producer, Saputo Inc, still digesting a major purchase in Australia, is examining other possible acquisitions there, in the United States, Canada and Latin America, Chief Executive Officer Lino Saputo Jr. said on Thursday.In the United States, potential acquisitions could cost less than C$100 million ($91.28 million) to as much as C$4 billion, Saputo said in a conference call to discuss quarterly results."The (U.S.) industry still is very fragmented," he said. "So I think there are some great opportunities for us that could be small, medium or large."Saputo may also look for acquisitions in Canada worth around C$100 million and is eager to add to its new foothold in Australia, where seven or eight players control up to 95 percent of the dairy industry, he said.
Saputo Inc. is a dairy processor in Canada and cheese producer in the United States. Shares of SAP fell by 0.24% or $-0.14/share to $58.95. In the past year, the shares have traded as low as $46.01 and as high as $60.04. On average, 203562 shares of SAP.TO exchange hands on a given day and today's volume is recorded at 518359.
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