Key Developments: Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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 Inc approves dividend of $0.23 per share
Thursday, 6 Feb 2014 12:46pm EST 

Saputo Inc:Says the board of directors approved a dividend of $0.23 per share payable on Mar. 14 to common shareholders of record on Mar. 3.  Full Article

Saputo Inc acquires the Fluid Milk activities of Scotsburn Co-Operative Services Limited
Friday, 17 Jan 2014 01:29pm EST 

Saputo Inc:Says it has entered into an agreement to acquire the fluid milk activities of Scotsburn Co-Operative Services Limited based in Atlantic Canada (Scotsburn Fluid Milk Business).Says Scotsburn is a Nova Scotia cooperative will continue its other activities such as its frozen ice cream and frozen novelties business.Says the purchase price of $61 mln, on a debt-free basis excludes about 8M$ of working capital items and is payable in cash by drawing on available credit lines.  Full Article

Saputo Inc announces last and final offer for Warrnambool Cheese and Butter Factory Company Holdings Ltd will close on Jan. 22
Thursday, 9 Jan 2014 06:32pm EST 

Saputo Inc:Says that it has extended its offer period until Jan. 22, and has declared its unconditional all-cash takeover offer for all the issued shares in Warrnambool Cheese and Butter Factory Company Holdings Ltd as its last and final offer.Says the offer will now close on Jan. 22.Says other than possible automatic extensions required under Australian law, there will be no further extensions to the offer period.Says it is now the largest shareholder in Warrnambool with a relevant interest of 21.392 pct. as of 7.00pm (Melbourne time) on Jan. 9.Says Rothschild and Rabobank are acting as the financial advisers to Saputo, and Maddocks and Stikeman Elliott are its legal advisers.  Full Article

Saputo Inc announces a conditional increase in its offer price for all Warrnambool Cheese and Butter Factory Company Holdings Limited shares and extends the offer period
Monday, 16 Dec 2013 11:59pm EST 

Saputo Inc:Says it has extended the offer period for its A$9.00 per share all-cash takeover offer (the Offer) for all the issued shares in Warrnambool Cheese and Butter Factory Company Holdings Limited (Warrnambool) until Jan. 10, 2014.Says in addition to its previously announced conditional increase in Offer consideration from A$9.00 to A$9.20 upon Saputo obtaining an interest in Warrnambool shares of greater than 50% during the Offer period.Says it will further increase the Offer consideration by A$0.20 to A$9.40 cash per share upon Saputo obtaining an interest in Warrnambool shares of greater than 75 pct during the Offer period.Say it will further increase the Offer consideration by an additional A$0.20 to A$9.60 cash per share upon Saputo obtaining an interest in Warrnambool shares of greater than 90 pct during the Offer period.Says it will not otherwise increase the Offer consideration during the Offer period.Says it has also offered withdrawal rights to Warrnambool shareholders who accepted its Offer on or before Dec. 17, with a withdrawal period ending on Jan. 3, 2014.Says Rothschild and Rabobank are acting as the financial advisers to Saputo, and Maddocks and Stikeman Elliott are its legal advisers.  Full Article

Australian regulator puts Saputo Inc's bid for Warrnambool on hold - Reuters
Friday, 29 Nov 2013 01:37am EST 

Saputo Inc:Says Saputo Inc bid for Australia's Warrnambool Cheese and Butter Factory Co was dealt a blow after a regulator granted a rival suitor's request for an interim order preventing the Canadian dairy firm from processing acceptances received in the deal - Reuters.Says Saputo Inc declared its A$9 bid, which is backed by the Warrnambool board, unconditional on Monday and said it would hike its offer if it won control.  Full Article

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