TORONTO — Ongoing negotiations to sell its U.S. bakery business have increased speculation that George Weston Ltd. here could use the proceeds from that sale to take Loblaw Cos. private. Weston is a 62% stakeholder in Loblaw. In response to a leaked report last week, George Weston confirmed it was in talks to sell its U.S. bakery business — the largest in the U.S. — to Grupo Bimbo in a deal analysts say could raise more than $1.5 billion. That money, analysts speculated, could be used to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.