Bloomberg has reported Mexican giant Bimbo and US firm Flowers had made offers for Canada Bread. Maple Leaf said last month it would look at options for its 90% stake in Canada Bread.
When contacted by just-food, Bimbo declined to comment. Officials at Flowers could not be reached for comment at the time of writing.
A spokesperson for Maple Leaf said: “We don’t comment on speculation in the market.”
Bloomberg also claimed “several” private-equity firms had bid for Canada Bread, although it did not name the suitors.