The Successful Investor Hotline – Friday, February 14, 2014

Article Excerpt

CANADA BREAD CO. LTD., $72.30, Toronto symbol CBY, has accepted a $72.00-a-share takeover offer from Mexican bakery giant Grupo Bimbo SAB. Canada Bread’s shares are trading slightly higher than the bid. That’s because the deal lets the company keep paying quarterly dividends of up to $0.75 a share until Grupo Bimbo completes the takeover, probably by June 30, 2014. Before the deal, Canada Bread paid quarterly dividends of $0.50 a share. Investors should tender their shares to Grupo Bimbo to receive the full $72.00 without paying brokerage fees. Please make sure you are logged in to your account to access these articles. Click here if you’ve lost your password. Canada Bread was recently covered in the February 2014 issue of The Successful Investor. Click here to access it. Canada Bread was recently covered in The Successful Investor Hotline for December 20, 2013. Click here to access it. MAPLE LEAF FOODS INC., $15.39, Toronto symbol MFI, owns 90.0% of Canada Bread (see above) and will support the…