Weston Sells U.S. Bakeries for $2.5 Billion

In what analysts believe may be prelude to taking Loblaw Cos. private, George Weston Ltd. on Wednesday said it has agreed to sell its U.S. bakery divisions to Grupo Bimbo for $2.5 billion.

TORONTO — In what analysts believe may be prelude to taking Loblaw Cos. private, George Weston Ltd. here on Wednesday said it has agreed to sell its U.S. bakery divisions to Grupo Bimbo for $2.5 billion.

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