Key Developments: Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

34.87CAD
27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Saputo announces the acquisition of the Everyday Cheese Business of Lion-Dairy & Drinks Pty Ltd through its Dairy Division (Australia)
Monday, 2 Mar 2015 08:31am EST 

Saputo Inc:Says its Australian subsidiary, Warrnambool Cheese and Butter Factory Company Holdings Limited, has entered into an agreement to acquire the everyday cheese business of Lion-Dairy & Drinks Pty Ltd based in Victoria, Australia.The purchase price of C$134.4 million, on debt-free basis, includes C$104.1 million which represents the value of inventory net of minimal amount of assumed liabilities, and is subject to final determination of the inventory amount and assumed liabilities amount at closing.The purchase price is payable in cash at closing.The transaction is subject to usual conditions and is expected to close towards the beginning of May 2015.The transaction is also subject to the approval of WCB shareholders.Saputo, which holds 87.92 pct of the shares in WCB is supportive of the transaction and has advised WCB that it will vote its shares in favour of the transaction.  Full Article

Saputo Inc. approves dividend of $0.13
Thursday, 5 Feb 2015 12:11pm EST 

Saputo Inc:Approves a dividend of $0.13 per share.Payable on March 13, to common shareholders of record on March 2.  Full Article

Saputo Inc completes sale of bakery division to Grupo Bimbo SAB de CV
Monday, 2 Feb 2015 11:29am EST 

Saputo Inc:Completes the transaction announced on Dec. 18, 2014 and sold Saputo Bakery Inc., its Bakery Division, to Canada Bread Company, Limited, a subsidiary of Grupo Bimbo S.A.B. de C.V.Says the selling price of $120 million on a debt-free basis was received in cash at closing.  Full Article

Grupo Bimbo SAB de CV announces acquisition of Saputo Inc's Saputo Bakery Inc. in Canada
Thursday, 18 Dec 2014 09:05am EST 

Grupo Bimbo SAB de CV:Says its subsidiary Canada Bread Company, Limited (Canada Bread) has reached an agreement to acquire the total shares outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc., for an aggregate cash price of C$120 mln.Acquisition includes well-positioned brands such as Vachon, Jos Louis, Ah Caramel, Passion Flakie and May West, among others.  Full Article

Saputo Inc approves dividend of $0.13 per share
Thursday, 6 Nov 2014 12:28pm EST 

Saputo Inc:Approves a dividend of $0.13 per share payable on Dec. 12, to common shareholders of record on Dec. 2.  Full Article

Saputo Inc increases quarterly dividend
Tuesday, 5 Aug 2014 10:00am EDT 

Saputo Inc:Reviewed dividend policy and increased quarterly dividend from $0.23 per share to $0.26 per share, representing a 13 pct increase.Payable on Sept. 15, 2014 to common shareholders of record on Sept. 04, 2014.  Full Article

Saputo Inc declares cash dividend
Thursday, 5 Jun 2014 12:31pm EDT 

Saputo Inc:Approved a dividend of $0.23 per share.Payable on July 17, to common shareholders of record on July 7.  Full Article

Saputo Inc completes acquisition of Fluid Milk Activities of Scotsburn Co-Operative Services Limited
Monday, 14 Apr 2014 12:48pm EDT 

Saputo Inc:Completes transaction announced on Jan. 17 and acquired fluid milk activities of Scotsburn Co-Operative Services Limited based in Atlantic Canada.Scotsburn is Nova Scotia cooperative that will continue other activities such as frozen ice cream and frozen novelties business.Purchase price of $61 mln, on debt-free basis excludes about 8 mln $ of working capital items and was paid by drawing on available credit lines.  Full Article

Saputo Inc announces plant closures in canada and the united states
Wednesday, 26 Mar 2014 03:10pm EDT 

Saputo Inc:Closes four of its facilities, two in Canada, and two in the USA.First facility closure is scheduled in May 2014 and the last closure will occur in Dec. 2015.About 180 employees will be impacted.Employees will be provided with severance and outplacement support.  Full Article

Saputo Inc Announces close of takeover offer for Warrnambool
Wednesday, 12 Feb 2014 08:58pm EST 

Saputo Inc:Says its unconditional all-cash takeover offer for all the issued shares in Warrnambool Cheese and Butter Factory Company Holdings Limited (Warrnambool) has now closed.Under the offer, Saputo acquired a relevant interest of 87.920 pct of Warrnambool shares.  Full Article

Saputo dairy says supply controls limit growth in Canada

- Canada's tightly managed dairy sector limits domestic opportunities for Saputo Inc , the country's largest dairy, forcing it to focus on growth elsewhere, the company's chief executive said on Thursday.

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