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Monday, November 18, 2013

Ontario Teachers' Pension Plan says has agreed to purchase Burton's Biscuits, (NYSE: CM), (TSE: CM.TO)

Ontario Teachers' Pension Plan said on Monday that it has agreed to purchase Burton's Biscuit Co from Canadian Imperial Bank of Commerce (CIBC) and affiliates of Apollo Global Management, giving it a foothold in Britain's biscuit market. Terms of the deal were not disclosed. It is expected to close before the end of November.

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM remained unchanged at $87.02. In the past year, the shares have traded as low as $69.92 and as high as $87.02. On average, 181226 shares of CM exchange hands on a given day and today's volume is recorded at 0.

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. Shares of CM traded higher by 0.74% or $0.67/share to $90.92. In the past year, the shares have traded as low as $73.89 and as high as $90.92. On average, 990706 shares of CM.TO exchange hands on a given day and today's volume is recorded at 1162842.



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