UPDATE 1-Murray Goulburn bows out of Warrnambool bid; eyes on Kirin decision
January 23, 2014 at 00:28 AM EST
SYDNEY, Jan 23 (Reuters) - Australia's Murray Goulburn Co-operative Co Ltd agreed to sell its 17.7 percent stake in Warrnambool Cheese and Butter Factory Co Holdings Ltd to rival bidder Saputo Inc, finally bowing out of the hotly contested bidding battle.
