Maple Leaf buys added shares

Maple Leaf Foods, Toronto, purchased 458,800 common shares of Canada Bread Co. last month on the Toronto Stock Exchange. With this and previous purchases, Maple Leaf Foods owns 89.9 percent of the outstanding common shares of Canada Bread. According to a press release from Maple Leaf, the company purchased the shares “for investment purposes,” and it may or may not purchase additional shares of Canada Bread in the future, depending on market conditions. Maple Leaf and Canada Bread supply frozen and par-baked bread products to the baking industry.