17:18:54 EDT Tue 31 Mar 2026
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Maple Leaf Foods Inc
Symbol MFI
Shares Issued 124,642,411
Close 2026-03-30 C$ 29.19
Market Cap C$ 3,638,311,977
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Globe says Maple Leaf chair's sister suing relatives

2026-03-31 07:07 ET - In the News

The Globe and Mail reports in its Tuesday edition that Eleanor McCain has opened a new chapter in a feud that has troubled the McCain family for over 40 years and almost tore apart McCain Foods. The Globe's Paul Waldie writes that Ms. McCain is suing relatives for allegedly blocking her efforts to sell her interest in the company, worth about $1-billion. She is making the same legal arguments that her father, Wallace McCain, made 30 years ago: that the family's conduct is oppressive. None of the allegations have been proven, and in a statement, the family holding company, McCain Foods Group Inc., or MFGI, said, "The claims made in the lawsuit are without merit." According to Ms. McCain's lawsuit the family has doubled down on keeping control. There are now 55 family members who own shares, representing the second and third generations. Ms. McCain alleges MFGI has tightened control by making it virtually impossible to sell shares to anyone outside the family. It also deliberately undervalues its shares, she alleged, to ease tax liabilities and make it uneconomical to sell shares back to MFGI. The lower valuations also help company executives meet their performance targets, which she claims has boosted compensation.

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