Maple Leaf Foods Purchases Additional Canada Bread Shares
TORONTO, Jul 17, 2008 (Canada NewsWire via COMTEX News Network) -- TSX: MFI www.mapleleaf.com
Maple Leaf Foods today announced that it has purchased 458,800 common shares of Canada Bread Company, Limited at a price of $71.15 per share for an aggregate consideration of $32,643,620. The shares were purchased on the Toronto Stock Exchange. These shares, together with 158,400 shares purchased on May 13, 2005 and the 122,900 shares purchased on January 17, 2007, represent about 2.9% of Canada Bread's outstanding shares. Maple Leaf Foods now owns 22,818,515 common shares representing approximately 89.8% of the outstanding common shares of Canada Bread.
The shares were purchased for investment purposes. Maple Leaf Foods may or may not purchase additional shares of Canada Bread in the future, depending on market conditions.
Maple Leaf Foods Inc. is a leading Canadian food processing company committed to delivering quality food products to consumers around the world. Headquartered in Toronto, Canada, the Company employs approximately 23,000 people at its operations across Canada and in the United States, Europe and Asia. Maple Leaf Foods Inc. had sales of more than $5.2 billion in 2007.
SOURCE: Maple Leaf Foods Inc.Mike Vels, Chief Financial Officer, (416) 926-2048
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