Maple Leaf Foods to spin off pork business into new public company

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 62 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Maple Leaf Foods News

Maple Leaf,Publicly Traded Company,Supply Agreement

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it plans to spin off its pork business into a new publicly traded company.

Under the plan, existing Maple Leaf shareholders will receive shares in the new company, while Maple Leaf will keep a 19.9 per cent ownership position.Maple Leaf says the new pork company will continue to provide Maple Leaf Foods with a secure supply of pork at market prices for its prepared foods business.

An entire Florida homeowners association board quits after $60K special assessment dispute — what happenedThis well-priced basket of Canadian stocks is perfect for a long-term TFSA investor. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.My Top 5 Ultra-High Yield Dividend Stocks to Buy in July

The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.Industry giants that also happen to be established Dividend Aristocrats are worth holding onto for decades, virtually forever, for a reliable passive income. The post 1 High-Yield Dividend Stock You Can Buy and Hold Forever appeared first on The Motley Fool Canada.

"Fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI," MacroStrategy Parternship's Ferguson told Bloomberg.Two blue-chip stocks from the banking and energy sectors are excellent sources of pension-like income. The post Dividend Royalty: 2 Fabulous Stocks to Buy Now for Decades of Passive Income appeared first on The Motley Fool Canada.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maple Leaf Foods plans to split into two independent public companiesMaple Leaf Foods will retain a 19.9% ownership position in the newly formed Pork Company, and the two companies will enter into an evergreen pork supply...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. bans on gasoline-powered leaf blowers grow, as does blowback from landscaping industryTRENTON, N.J. (AP) — The roar of the leaf blower has become an inescapable part of daily life in communities across America, leading towns and states to ban ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »