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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

39.22CAD
12 Nov 2018
Change (% chg)

$0.38 (+0.98%)
Prev Close
$38.84
Open
$38.77
Day's High
$39.25
Day's Low
$38.68
Volume
302,180
Avg. Vol
419,702
52-wk High
$46.32
52-wk Low
$35.56

Latest Key Developments (Source: Significant Developments)

MG Unit Trust Expects Saputo Asset Sale To Complete On 1 May 2018
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Mg Unit Trust ::EXPECTS SAPUTO ASSET SALE TO COMPLETE ON 1 MAY 2018.  Full Article

Mg Unit Trust Says Saputo Advised Of Lodgement Of Proposed Undertaking
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Mg Unit Trust ::SAPUTO ADVISED CO THAT SAPUTO LODGED PROPOSED UNDERTAKING WITH ACCC REGARDING DIVESTMENT PLAN FOR KOROIT DAIRY PLANT.SAPUTO'S PROPOSED KOROIT DAIRY PLANT DIVESTMENT DOES NOT IMPACT TERMS OF ASSET SALE, SAPUTO'S ANNOUNCED MILK SUPPLY COMMITMENTS.  Full Article

‍ACCC Flags Concerns About Saputo-Murray Goulburn Deal​
Wednesday, 28 Feb 2018 

March 1 (Reuters) - Australian Competition and Consumer Commission: :‍ACCC FLAGS CONCERNS ABOUT SAPUTO-MURRAY GOULBURN DEAL​.‍"OUR VIEW IS THAT SAPUTO OWNING KOROIT PLANT WOULD SUBSTANTIALLY LESSEN COMPETITION FOR ACQUISITION OF DAIRY FARMERS' RAW MILK IN REGION."​.CONCERNS ARE THAT SAPUTO AND FONTERRA WOULD BE MORE LIKELY TO OFFER LOWER PRICES IF SAPUTO ACQUIRED KOROIT.CONSIDERS KOROIT WOULD REMAIN IN MARKET & WOULD LIKELY BE ACQUIRED BY ANOTHER BUSINESS IF SAPUTO ACQUISITION DOES NOT PROCEED.  Full Article

Saputo ‍received approval of TSX to renew normal course issuer bid
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Saputo Inc : :Saputo announces the renewal of its normal course issuer bid.Saputo Inc - ‍received approval of TSX to renew normal course issuer bid in order to repurchase for cancellation up to 8 million common shares​.Saputo Inc - ‍bid will be conducted during period beginning on Nov. 17, 2017 and ending no later than Nov. 16, 2018​.  Full Article

Saputo Inc announces plant closure in the United States
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Saputo Inc ::Announces a plant closure in the United States.Will close its cheese manufacturing facility in Fond du Lac, Wisconsin and the closure is scheduled in May 2018​.In all manufacturing facility closure, about 126 employees will be impacted​.Costs connected with plant closure will be about C$22 million after taxes and will be recorded in Q3 2018​.  Full Article

Saputo expects NAFTA 'tweaks' to Canada dairy system
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Saputo CEO Lino Saputo Jr., speaking on a conference call with analysts::Saputo CEO says Murray Goulburn assets are good and modern but not all running efficiently.Saputo CEO says Murray Goulburn can return to historic profit levels.CEO says expects 'tweaks' under NAFTA talks to Canada supply managed dairy system.  Full Article

SAPUTO INC REPORTS Q2 ‍SHR C$0.47​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Saputo Inc ::SAPUTO INC.: FINANCIAL RESULTS FOR FISCAL 2018 SECOND QUARTER ENDED SEPTEMBER 30, 2017.Q2 REVENUE C$2.884 BILLION VERSUS I/B/E/S VIEW C$2.89 BILLION.SAPUTO INC QTRLY ‍SHR C$0.47​.INTENDS TO RENEW ITS NORMAL COURSE ISSUER BID EXPIRING ON NOVEMBER 16, 2017​.  Full Article

Saputo Inc - ‍entered into an agreement to acquire Betin Inc, doing business as Montchevre​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Saputo Inc :Saputo Inc - ‍entered into an agreement to acquire Betin Inc, doing business as Montchevre​.  Full Article

Murray Goulburn selects Saputo Dairy Australia as prefered bidder for its businesses
Thursday, 26 Oct 2017 

Oct 27 (Reuters) - MG Unit Trust :Announces MG sale to Saputo.Murray Goulburn Co-Operative entered into a binding agreement with Saputo Dairy Australia Pty Ltd.‍Sale to Saputo of all of MG's operating assets and operating liabilities for A$1,310 million.Transaction includes MG milk supply commitments for active MG suppliers totalling approximately $114 mln​.Estimated initial distribution of about $0.75 per share/ unit to be paid shortly after completion of deal.MG will step up FY18 FMP by $0.40 per KGMS to $5.60 per KGMS for milk supplied from 1 November 2017.Murray Goulburn will retain all of assets and liabilities associated with MG Unit Trust.Will also retain part of transaction proceeds.‍estimated net value per share/unit of $1.10 to $1.15 after working capital adjustment and other costs​.Transaction is currently expected to complete in first half of 2018​.‍Directors of MG unanimously recommend shareholders vote in favour of transaction.Transaction is subject to customary conditions including ACCC and FIRB approvals​.  Full Article

Saputo acquires the extended shelf-life dairy product activities of Southeast Milk in the US
Thursday, 31 Aug 2017 

Aug 31 (Reuters) - Saputo Inc :Saputo acquires the extended shelf-life dairy product activities of Southeast Milk Inc in the United States.  Full Article

CANADA STOCKS-Futures up on U.S.-china trade deal optimism

Nov 2 Stock futures for Canada's main index edged higher on Friday, tracking upward movement in global shares, as U.S. President Donald Trump fueled hopes of a renewed dialogue between Washington and China for resolving their bilateral trade issues.