date:Mar 25, 2014
Grupo Bimbo, S.A.B. de C.V. said it has received approval from the U.S. Department of Justice to acquire Canada Bread Company, Ltd. The transaction was approved by the Canadian Competition Bureau on March 18, but still awaits the approval from the Canadian Minister of Industry for the closing of the acquisition, which is expected during the second quarter.
Grupo Bimbo in mid-February agreed to acquire all of the common shares of Canada Bread for C$72 ($65) per share, or approximately C$1,830 mi