The Executive Director of M & A in UBS has appointed you, together with another graduate, to prepare a report for Saputo. The nominated tasks are : I. Three potential target companies have been nominated by Saputo for possible acquisition: a. Warrnambool Cheese and Butter Factory Company Limited (WCB); b. Bega Cheese Limited (Bega); and c. Murray Goulburn Co-operative Co. Limited (MG).