Maple Leaf Foods explores strategic alternatives for its bakery business
The board of directors of Canada Bread Co. Ltd., Toronto, today announced that it has established a special committee comprised of independent directors in connection with the potential sale by its parent company, Maple Leaf Foods Inc., of its 90% interest in Canada Bread.
Maple Leaf has advised the Canada Bread Board that it is exploring strategic alternatives for its bakery business, including a potential sale of the company’s 90% interest in Canada Bread. The special committee was established to seek to ensure that all Canada Bread shareholders are treated fairly and that the company’s interests are taken into account during any process that may affect Canada Bread.