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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

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Canada's Saputo spreads into UK market with $1.27 billion Dairy Crest deal

Canada's Saputo Inc is to enter the British market for the first time after agreeing to buy food company Dairy Crest Group Plc for 975 million pounds ($1.27 billion).

UPDATE 2-Canada's Saputo spreads into UK market with $1.27 bln Dairy Crest deal

* Dairy Crest shares top offer value of 620p (Adds details on deal, context, background; shares)

Canada's Saputo to buy Dairy Crest for about $1.27 bln

Feb 22 Saputo Inc, one of Canada's largest dairies agreed to buy Britain's largest dairy food company Dairy Crest Group Plc for about 975 million pounds ($1.27 billion), the companies said on Friday.

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