CANADA: Maple Leaf Foods increase stake in Canada Bread
Canadian food company Maple Leaf Foods has entered into a private agreement with a third party to buy 819,400 common shares of bakery firm Canada Bread at C$26.50 (US$19.67) each.
Maple Leaf said it now holds over 20.6 million Canada Bread shares, which is a stake of around 81.1%. The company said the latest share purchase was for investment purposes.
The transaction is expected to close today [Friday], reported Dow Jones News.
Companies: Maple Leaf Foods
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