Canada Bread acquisition cleared by competition regulators
The previously announced $1.83 billion acquisition of Canada Bread Co Ltd (TSX: CBY) by Mexican bread maker Grupo Bimbo has been approved by Canadian and U.S. regulatory agencies and is likely to close before the end of May. Based in Toronto, Canada Bread is a manufacturer of value-added flour-based products, and 90% owned by Maple Leaf Foods Inc (TSX: MFI). Maple Leaf is a portfolio investment of Canadian private investment firm West Face Capital.
15 May 2014•3 mins read
