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Article: Grupo Bimbo Completes and Closes Weston Foods, Inc. Acquisition.
- Article from:
- PR Newswire
- Article date:
- January 22, 2009
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MEXICO CITY, Jan. 22 /PRNewswire/ -- Grupo Bimbo, S.A.B. de C.V. ("Grupo Bimbo" or "the Company") (BMV: BIMBO) today announced the completion of its acquisition of the U.S. fresh bakery business of Weston Foods, Inc. (WFI) from Dunedin Holdings S.a r.l., a subsidiary of Toronto-based George Weston Limited (TSX: WN), and the separate acquisition of related financial assets. The acquisition was announced on December 10, 2008 and has received necessary regulatory approvals.
The two transactions were valued at $2,380 million and $125 million, respectively. The combined $2,505 million payment was made through $2,300 million in financing and the Company's existing ...