Purdy Crawford, one of the most prominent corporate lawyers and business leaders in the country, passed away Tuesday. He was 82.
A native of Five Islands, Nova Scotia, Mr. Crawford attended Mount Allison University, then obtained his law degrees from Dalhousie Law School and Harvard Law School.
He worked as a corporate lawyer with Osler, Hoskin & Harcourt LLP in 1956, and embarked on a career which put him in the boardroom of some of the country’s largest and most important corporations.
West Face Capital appears to have sold its 14 million shares in Maple Leaf foods, bringing to an end its long history with the company, sources said Tuesday.
The final tipoff was the 7.4 million shares of Maple Leaf Foods that were traded in the early part of last week, an amount that represented more than 12 times the average daily volume.
From the perspective of SEDI – the system that requires insiders to file once they either buy or sell securities in companies where they are insiders – it’s as if nothing has happened at Maple Leaf Foods.
As of Wednesday there’s no indication that West Face Capital, an activist that was brought inside the tent in 2011 at Maple Leaf Foods, has done anything at all. The market, meanwhile, fully understands and believes it no longer owns any stock.
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 — The CEO of Maple Leaf Foods has been ordered to pay his ex-wife $175,000 a month in interim spousal support after an Ontario judge struck down parts of a marriage contract meant to keep the family’s wealth within the bloodline.
Michael McCain must also make retroactive payments stretching back to July 2011, the first month of his split from his wife of 30 years, Christine McCain.
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
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) Q2 2014 Earnings Conference Call July 31, 2014 14:30 ET
Michael McCain - President and Chief Executive Officer Debbie Simpson - Chief Financial Officer
Michael Van Aelst - TD Securities Irene Nattel - RBC Capital Markets Christine Healy - Scotiabank GBM Ken Zaslow - BMO Capital Markets Mark Petrie - CIBC