Canada Bread shareholders OK acquisition by Grupo Bimbo
Investors in Canada Bread Co Ltd (TSX: CBY) have approved the previously-announced $1.83 billion acquisition of the company by Mexican bread maker Grupo Bimbo. Toronto-based Maple Leaf Foods Inc (TSX: MFI), which owns 90% of the manufacturer of value-added flour-based products, had earlier indicated an intention to vote in favour. The transaction is expected to be completed in the second quarter. Maple Leaf is a portfolio investment of Canadian private investment firm West Face Capital.
4 April 2014•3 mins read
