TORONTO – Maple Leaf Foods Inc. CEO Michael McCain put takeover speculation to rest Wednesday as industry watchers eye the U.S. bidding war currently under way for Hillshire Brands Co.
“Maple Leaf is not for sale, it hasn’t been for sale,” and the large meat processor has not been approached by prospective buyers, Mr. McCain said in an interview Wednesday after speaking at the Retail Council of Canada’s Store 2014 conference in Toronto.
The trend among billionaires to give at least half their money to charity, the so-called Giving Pledge, has not always been so popular. Many have preferred to keep it in the family, or at least try.
A new ruling in a divorce within one of Canada’s richest families — which overturns a key part of the contract imposed by the patriarch on his children and their spouses, severely limiting their claims in the event of divorce — shows just how difficult this can be.
TORONTO — Maple Leaf Foods Inc. posted a $14.8-million loss in what the company concedes was a “very difficult” first quarter, but CEO Michael McCain described the problems as both “transitory” and “self-correcting.”
“This was a very difficult quarter, with lower earnings in our protein business overshadowing good improvement in our bakery results,” McCain said.
Maple Leaf Foods Inc. (OTCPK:MLFNF) Q4 2013 Earnings Conference Call February 27, 2014 2:30 pm ET
Michael H. McCain - President and Chief Executive Officer, Maple Leaf Foods Inc. Michael H. Vels - Chief Financial Officer, Maple Leaf Foods Inc.; Canada Bread Company, Limited
Christine Healy - Scotiabank GBM Irene Nattel - RBC Capital Markets Derek Dley - Canaccord Genuity
[AP] - Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died.
TORONTO (AP) -- Wallace McCain, the mogul and philanthropist who helped turn a small New Brunswick french fry plant into a multibillion-dollar frozen foods empire and later went on to control meat processor Maple Leaf Foods, has died. He was 81....
A tree said to have inspired the song The Maple Leaf Forever was a victim of severe weather that hit southern Ontario.
The aged silver maple near downtown Toronto was among the many trees that came down as fierce winds moved through the region Friday night.
The tree stood in front of a house in the city’s Leslieville area.