Key Developments: Grupo Bimbo SAB de CV (BIMBOA.MX)

BIMBOA.MX on Mexico Stock Exchange

38.60MXN
1 Oct 2014
Price Change (% chg)

$-0.42 (-1.08%)
Prev Close
$38.52
Open
$38.75
Day's High
$39.46
Day's Low
$38.39
Volume
1,313,904
Avg. Vol
1,965,936
52-wk High
$44.20
52-wk Low
$32.46

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Latest Key Developments (Source: Significant Developments)

Grupo Bimbo reaches agreement to acquire Supan
Tuesday, 15 Jul 2014 04:43pm EDT 

Grupo Bimbo SAB de CV:Reaches agreement to acquire Supan, company from bakery industry in Ecuador.Acquisition includes Supan, Bimbo, Grile, Braun, Dulzones, Rey-pan and Pansol brands.Operation is expected to generate sales of more than $57 million and adjusted EBITDA of $6 million.  Full Article

Grupo Bimbo SAB de CV issues bonds
Tuesday, 24 Jun 2014 05:12pm EDT 

Grupo Bimbo SAB de CV:Says on June 24 it completed offer of bonds in amount of $800,000,000.Maturity in 2024.Coupon 3.875 percent.Issue price 99.590 percent.Says it also completed offer of bonds in amount of $500,000,000.Maturity in 2044.Coupon 4.875 percent.Issue price 98.205 percent.Notes consist of senior bonds and are guaranteed by Bimbo SA de CV, Barcel SA de CV and Bimbo Bakeries USA Inc, subsidiaries of Grupo Bimbo.  Full Article

Fitch affirms credit ratings on Grupo Bimbo
Wednesday, 28 May 2014 06:45pm EDT 

Grupo Bimbo SAB de CV:Fitch Ratings has affirmed its national long-term credit rating on company at AA+(mex).Fitch Ratings has affirmed Issuer Default Rating (IDR), on global scale and in foreign currency on company at BBB.Fitch Ratings has affirmed IDR, on global scale and in local currency on company at BBB.Outlook stable.  Full Article

Grupo Bimbo completes acquisition of Maple Leaf Foods Inc's Canada Bread
Friday, 23 May 2014 12:22pm EDT 

Maple Leaf Foods Inc:Announced that Grupo Bimbo, S.A.B. de C.V. of Mexico has completed its previously announced acquisition of Canada Bread Company, Limited.Says it will receive gross proceeds of about $1.66 billion (which includes its share of the dividend paid upon closing of the Arrangement) in connection with the closing of the transaction.  Full Article

Grupo Bimbo receives authorization from Canadian Minister of Industry to acquire Canada Bread Company
Tuesday, 13 May 2014 05:47pm EDT 

Grupo Bimbo SAB de CV:Receives authorization from Canadian Minister of Industry to acquire Canada Bread Company.Closing of transaction is expected on May 23.  Full Article

Moody's changes outlook of Grupo Bimbo SAB de CV to negative
Monday, 17 Feb 2014 01:11pm EST 

Grupo Bimbo SAB de CV:Says on Feb. 17 Moody's de Mexico changed the outlook of the company to negative from stable.Says Moody's affirmed its long-term credit rating on the company at Baa2.  Full Article

S&P affirms credit ratings on Grupo Bimbo SAB de CV
Friday, 14 Feb 2014 06:17pm EST 

Grupo Bimbo SAB de CV:Standard & Poor's Ratings Services has affirmed its global and national -CaVal- credit ratings on the company at BBB and mxAA+, respectively.The outlook is stable.  Full Article

Grupo Bimbo to acquire Maple Leaf Foods Inc's Canada Bread
Wednesday, 12 Feb 2014 07:30am EST 

Maple Leaf Foods Inc:Says that Grupo Bimbo, S.A.B. de C.V. of Mexico (Grupo Bimbo) has agreed to acquire all of the issued and outstanding common shares of Canada Bread Company, Limited.Says for aggregate cash proceeds of $1.83 billion or $72.00 per share pursuant to an arrangement agreement (the Arrangement Agreement) entered into between Canada Bread and Grupo Bimbo.Maple Leaf currently holds about 90 pct of the outstanding shares of Canada Bread and has agreed to vote all of such shares in favour of the transaction.Says arrangement agreement provides for the acquisition of all issued and outstanding common shares of Canada Bread pursuant to a statutory arrangement under the Business Corporations Act.Under the terms of the Arrangement Agreement, Canada Bread is permitted to continue to pay quarterly dividends of up to $0.75 per share until the closing of the transaction.On closing, gross proceeds to Maple Leaf from its 90 pct ownership, excluding any dividends received will be about $1.65 billion.Says it expects cash costs related to the transaction to be about $160 million, including make-whole and swap cost settlements on debt repayment, advisor fees and other costs.  Full Article

Grupo Bimbo SAB de CV To Propose Dividend Payment
Tuesday, 5 Nov 2013 12:00pm EST 

Grupo Bimbo SAB de CV announced that it will submit to the shareholders for approval a dividend payment at a value of MXN 0.35 per share. The Ordinary Shareholders’ Meeting will be held on November 22, 2013.  Full Article

Grupo Bimbo SA de CV, Blue Label Telecoms Ltd And Visa Inc Join Forces To Expand Electronic Payments In Mexico
Tuesday, 29 Oct 2013 08:00pm EDT 

Visa Inc announced it has signed an agreement with Blue Label Mexico, a joint venture between Grupo Bimbo SAB de CV (Grupo Bimbo) and Blue Label Telecoms Ltd (Blue Label). Through this agreement, more retail locations across Mexico will be able to accept debit and credit card payments. From September 2013, a specially trained team focused on merchant activation has begun rolling out the installation of mobile payment terminals at merchants across Mexico. The new terminals allow retailers to accept Visa and non-Visa card payments while also offering airtime top-up and bill payment services.  Full Article

UPDATE 1-Shareholders of Mexico's Bimbo approve follow-on share offer

MEXICO CITY, Sept 18 - Mexican bread maker Grupo Bimbo said on Thursday a meeting of its shareholders had approved a plan to issue up to an additional 201.25 million new "A" shares of the company.

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