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Wednesday, February 12, 2014

Maple Leaf Foods CEO committed to meat business, sees growth, (TSE: MFI.TO)

Maple Leaf Foods Inc Chief Executive Officer Michael McCain said on Wednesday the company was committed to its meat business and sees growth opportunities in Canada and beyond, in response to questions from analysts about whether Maple Leaf might be for sale. Mexico's Grupo Bimbo will purchase Canada Bread Co for C$1.83 billion ($1.66 billion) in cash, Canada Bread said earlier on Wednesday, allowing the Canadian company's parent, Maple Leaf, to focus on meat products.

Maple Leaf Foods Inc., is a Canada-based meat, meals and bakery company. Shares of MFI traded higher by 1.89% or $0.3/share to $16.14. In the past year, the shares have traded as low as $12.09 and as high as $17.15. On average, 183781 shares of MFI.TO exchange hands on a given day and today's volume is recorded at 1234626.