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Thursday, February 3, 2011

Maple Leaf Foods gives activist seat on board

Canadian food processor Maple Leaf Foods <MFI.TO said on Thursday it has appointed a leading activist shareholder, who has been critical of the company's governance, to its board. Maple Leaf shares rose 1.9 percent, or 22 Canadian cents, to C$11.62 in early dealings on the Toronto Stock Exchange. West Face Capital Chief Executive Gregory Boland joins the board six months after the Toronto-based investment fund took a stake in Maple Leaf and became its second-largest shareholder.

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