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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

39.57CAD
27 Jul 2016
Change (% chg)

$0.79 (+2.04%)
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Latest Key Developments (Source: Significant Developments)

Saputo could consolidate dairy assets in Brazil - CEO
Thursday, 2 Jun 2016 03:30pm EDT 

Saputo Inc CEO Lino Saputo Jr, speaking on a conference call with analysts on Thursday: Said could make acquisitions worth as much as C$3.5 billion . Said company could be a consolidator in Brazil Further company coverage: [SAP.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Saputo Inc Q4 earnings per share $0.36
Thursday, 2 Jun 2016 12:17pm EDT 

Saputo Inc : Saputo Inc: financial results for the fiscal year ended March 31, 2016 . Qtrly earnings per share $0.36 . Says board of directors approved a dividend of $0.135 per share . Qtrly adjusted earnings per share $0.41 . For Canada sector, dairy ingredient markets declined since last half of fiscal 2015, expected to remain low through first 9 months of FY 2017 . Q4 earnings per share view C$0.40 -- Thomson Reuters I/B/E/S .Q4 revenue C$2.734 billion versus I/B/E/S view C$2.73 billion.  Full Article

Saputo Inc to close three facilities in Canada - Canada Stockwatch
Tuesday, 22 Mar 2016 02:25pm EDT 

Saputo Inc:Saputo Inc. will take measures aimed at improving its operational efficiency.Saputo will close three of its facilities in Canada, in Sydney (Nova Scotia), Princeville (Quebec) and Ottawa (Ontario).The closures are scheduled in June, 2016, August, 2016, and December, 2017, respectively.The current production will be integrated into other Saputo facilities.In all, approximately 230 employees will be impacted.These employees will be provided with severance and outplacement support; and some will be offered the possibility of transferring to other Saputo locations.  Full Article

Saputo Inc acquired the companies forming Woolwich Dairy
Monday, 5 Oct 2015 01:37pm EDT 

Saputo Inc:Increases its presence in the specialty cheese category in North America by acquiring woolwich dairy.Says purchase price of $80 million, on a debt-free-basis, was paid in cash at closing.  Full Article

Saputo Inc increases quarterly dividend
Tuesday, 4 Aug 2015 09:45am EDT 

Saputo Inc:Says that it has increased quarterly dividend from $0.13 per share to $0.135 per share, representing a 3.8 pct. increase.Says the quarterly dividend will be payable on Sept. 14, 2015 to common shareholders of record on Sept. 3, 2015.  Full Article

Saputo Inc Completes acquisition of Everyday Cheese Business of Lion-Dairy & Drinks Pty Ltd Through Dairy Division (Australia)
Monday, 25 May 2015 08:26am EDT 

Saputo Inc:Completes transaction announced on March 2, and acquired the everyday cheese business of Lion-Dairy & Drinks Pty Ltd (Lion) based in Victoria, Australia.Purchase price of C$134.4 mln (A$137.5 million), on a debt-free basis, includes C$104.1 mln(1) which represents the value of inventory net of a minimal amount of assumed liabilities, subject to closing adjustments, and was financed through new bank term loans.  Full Article

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

BRIEF-Saputo might buy up to 1.29 mln shares through private agreements

* Saputo announces it may purchase up to 1,291,000 common shares through private agreements