Bakery Sale Sparks Loblaw Talk

In what analysts believe may be a prelude to taking the Loblaw Cos. private, George Weston Ltd. last week said it has agreed to sell its U.S. bakery divisions to Grupo Bimbo for $2.5 billion (U.S.). Weston earlier this month completed the sale of its Canadian dairy business to Saputo, raising nearly $400 million. Analysts speculated the newly assembled war chest could go toward buying

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

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