18:37:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canada Bread Co Ltd
Symbol CBY
Shares Issued 25,416,812
Close 2014-03-07 C$ 72.12
Market Cap C$ 1,833,060,481
Recent Sedar Documents

Canada Bread director Aziz resigns

2014-03-10 07:34 ET - News Release

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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