TORONTO, May 23, 2014 /CNW/ - Canada Bread Company, Limited ("Canada Bread") today announced that Grupo Bimbo, S.A.B. de C.V. of Mexico ("Grupo Bimbo") has completed the acquisition of Canada Bread for aggregate cash proceeds of $1.83 billion by way of a plan or arrangement.
Delisting of Canada Bread's common shares from the Toronto Stock Exchange is expected to occur at the close of business on or about May 26, 2014.
Information for Shareholders
Shareholders of Canada Bread will be entitled to receive payment of $72.00 per share in cash and a dividend of $0.437 per share (being $0.75 per share, pro-rated for the actual number of days elapsed in the second quarter up to and including the closing date of the transaction) upon the surrender of their share certificates and duly completed letters of transmittal to the depositary. Any questions or requests for assistance in surrendering certificates may be directed to the depository, Computershare Investor Services Inc., at 1-800-564-6253 toll-free or by email at email@example.com.
About Grupo Bimbo
Grupo Bimbo is one of the largest baking companies in the world in terms of production and sales volume. As the market leader in the Americas, Grupo Bimbo has 144 plants and more than 1,600 distribution centres strategically located in 19 countries throughout the Americas, Europe and Asia. Its main product lines include sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionary products, among others. Grupo Bimbo produces over 10,000 products and has an extensive direct distribution network with more than 52,000 routes and more than 123,000 associates. Grupo Bimbo's shares have traded on the Mexican Stock Exchange since 1980 under the ticker symbol BIMBO.
SOURCE: Canada Bread Company, Limited
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