Mr. Michael
McCain reports
WILLIAM E. AZIZ RESIGNS FROM CANADA BREAD BOARD
As a result of the impending
sale of Canada Bread Company Ltd. to Grupo Bimbo SAB de CV,
William Aziz has decided to resign as a director of Canada Bread.
Canada Bread recently announced that it has entered into an arrangement
agreement with Grupo Bimbo, which has agreed to acquire all of the
issued and outstanding common shares of Canada Bread for aggregate cash
proceeds of $1.83-billion or $72.00 per share. The management
information circular providing more information on the transaction is
being mailed to shareholders, and a special meeting of shareholders to
approve the transaction has been called for April 3, 2014. Subject to
regulatory approvals and satisfaction of other customary conditions,
the transaction is expected to close in the second quarter of 2014.
"I want to sincerely thank Bill for his years of service to the Canada
Bread board and his diligence at ensuring the best interests of the
company and all shareholders have been served, especially over the last
months as the agreement with Grupo Bimbo was finalized," said Michael
McCain, chairman, Canada Bread.
We seek Safe Harbor.
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