date:May 15, 2014
proving the deal on April 9.
Grupo Bimbo announced in February its agreement to acquire Canada Bread in a transaction valued at $1,663 million. The acquired company has annual sales of $1,300 million and is a baker and marketer of value-added flour-based products, including fresh bread, rolls, bagels and frozen partially baked or par-baked breads and bagels. The company, which employs 5,400, is 90% owned by Maple Leaf Foods Inc. Its common shares are listed on the Toronto Stock Exchange under t