TORONTO — Canada Bread Company, Ltd. said the Ontario Superior Court of Justice has issued a final order approving the company’s acquisition by Grupo Bimbo, S.A.B. de C.V.
The arrangement will result in the sale of Canada Bread to Grupo Bimbo. The sale is expected to close in the second quarter of 2014, subject to completion of other closing conditions, including approval under the Investment Canada Act.
The transaction previously has received shareholder approval and clearance under the Competition Act and the Hart-Scott-Rodino Act, and at a special shareholder meeting April 3, the transaction was approved by Canada Bread shareholders.