Grupo Bimbo lands Canada Bread

|About: Grupo Bimbo S.A.A (GRBMF)|By:, SA News Editor

Grupo Bimbo (GRBMF) will purchase Canada Bread for $1.83B.

The deal price comes at a hefty premium to Canada Bread's (CBDLF) projected earnings track and could be of interest to investors of Flower Foods (FLO) and Post Holdings (POST).