The Investment Reporter, in its April 4, 2014, issue, says tender Canada Bread Co. Ltd., recently $72.14, if you still have it. The Reporter said buy 22 times from May 14, 1996, to May 24, 2013, at prices ranging from $11.05 to $67. It said tender to the $72 offer price on Feb. 28, 2014. Assuming an investment of $1,000 for each of the 22 buys, tendering the $22,000 position at $72 a share would have yielded a profit of $34,016. It might be surprising to see Canada Bread trading above Grupo Bimbo's $72 offer price, but that is because Canada Bread will pay dividends until the transaction closes. The Canadian Competition Bureau and the U.S. Department of Justice have cleared the proposed takeover of Canada Bread by Grupo Bimbo. Shareholder approval is assured as parent company Maple Leaf Foods Inc. is selling. Provided Grupo Bimbo receives regulatory approval, the transaction will likely close in the second quarter of 2014. Sell this stock in the staple of human life, and in the writings of the Investment Reporter, if you find a compelling opportunity. Otherwise, tender and avoid brokerage fees.
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