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Mexico's Grupo Bimbo to acquire Canada Bread
date:Feb 13, 2014
Canada Bread Company said on Wednesday Mexico's Grupo Bimbo will acquire it in an all-cash deal worth C$1.83 billion ($1.66 billion), allowing its parent Maple Leaf Foods to focus on its meat products business.

Grupo Bimbo, one of the world's largest bread makers, will pay C$72 a share for each share of Canada Bread, a 7 percent premium to the Canadian company's closing price on the Toronto Stock Exchange on Tuesday. Shares of the company have already jumped 22 percent since October, when Canad

12/24 11:03