TORONTO, Feb 12- Mexico's Grupo Bimbo will buy Canada Bread Company for C $1.83 billion in cash, allowing the Canadian company's parent Maple Leaf Foods to focus on its meat products business, Canada Bread said on Wednesday.
NEW YORK, Jan 22- Grupo Bimbo, one of the world's largest bread makers, has emerged as the leading candidate to acquire Canada Bread Co Ltd from majority owner Maple Leaf Foods Inc, according to people familiar with the matter.
Oct 30- Canadian food processor Maple Leaf Foods on Wednesday reported lower-than-expected results for the third quarter, hurt mainly by weakness in its meat business. The Toronto- based company, one of Canada's biggest pork processors and bakers, said revenue slipped 2.5 percent to C $1.15 billion.
Oct 25- Maple Leaf Foods Inc has launched an auction for its bakery company Canada Bread, targeting Grupo Bimbo, one of the world's largest bread makers, as well as private equity, several people familiar with the matter said.
TORONTO/ WINNIPEG, Manitoba, Oct 21- Canadian food processor Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products.
*Cooper Tire slumps on buyout squabble. The United States faces a deadline of Oct. 17 to raise its $16.7 trillion debt limit or risk an unprecedented debt default.
LONDON, Oct 7- U.S.-based food business Darling International is to buy Dutch meat producer Vion's ingredients division for 1.6 billion euros, according to a company statement on Monday, in a blow to private equity firms bidding for the unit.
*Cooper Tire slumps on buyout squabble. *Alcoa, Yum Brands to report after the close. "Fear is mounting among investors that the upcoming debt ceiling deadline will be handled as poorly as the budget impasse has," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
Oct 7- Food waste recycler Darling International Inc said it would buy Vion Ingredients, a unit of privately held Vion Holding NV, for 1.6 billion euros.
Take a look at some of Wednesday's midday movers:
Shares of Darling International slumped 7 percent Wednesday following a downgrade by a BMO Capital Markets. THE ANALYSIS: Zaslow lowered his 2012 earnings estimate to $1.17 from $1.21 and his 2013 estimate to $1.40 from $1.55. SHARE ACTION: Darling International Inc. fell $1.14 to $16.41 by midday.
Oct 10- Darling International Inc:. *BMO cuts Darling International to market perform from outperform;. Reuters Station users, click. 1568.
Signs look positive for the agricultural and fertilizer industries in 2012, and U.S. companies would likely benefit the most, investor Dennis Gartman said on “Fast Money.”
The major stock market winners and losers, including Green Mountain, Corning, Darling International and Gamestop.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Ag stocks were on fire Thursday after the latest crop report showed the wet spring will likely cut the corn harvest. Who wins and who loses?
A look at how Darling International is recycling profits, with Randall Stuewe, Darling International chairman/CEO.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Algae is fast-becoming a promising renewable fuel because it can grow nearly anywhere, can be blended with or replace most traditional fuels, and it’s not food. But algae is far from a perfect solution. Industry observers say it will take anywhere from five to 15 years for algae to be produced on a scale that would be meaningful to the nation’s fuel needs.
Grain prices are going to take almost two years to rebuild, so there's going to be a period of elevated costs, said Farha Aslam, food analyst at Stephens.