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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

44.64CAD
22 Mar 2019
Change (% chg)

$-0.33 (-0.73%)
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$44.97
Open
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Volume
648,406
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449,166
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$45.76
52-wk Low
$35.56

Latest Key Developments (Source: Significant Developments)

Saputo To Acquire Dairy Crest Group For About $1.27 Bln
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Saputo Inc :SAPUTO INC. DAIRY CREST GROUP - RECOMMENDED CASH ACQUISITION OF DAIRY CREST PLC.SAPUTO INC - UNDER TERMS OF ACQUISITION, EACH SCHEME SHAREHOLDER WILL RECEIVE 620 PENCE IN CASH FOR EACH DAIRY CREST SHARE.SAPUTO INC - VALUING DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - DEAL VALUES DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - SAPUTO HAS RECEIVED IRREVOCABLE UNDERTAKINGS TO VOTE, OR PROCURE VOTE, IN FAVOUR OF SCHEME AT COURT MEETING.SAPUTO - DAIRY CREST DIRECTORS INTEND UNANIMOUSLY TO RECOMMEND SHAREHOLDERS TO VOTE OR PROCURE VOTE IN FAVOUR OF SCHEME AT COURT MEETING, RESOLUTION.SAPUTO INC - DAIRY CREST'S BOARD IS UNANIMOUSLY RECOMMENDING ALL-CASH OFFER BY SAPUTO.SAPUTO INC - COMBINED GROUP'S HEADQUARTERS WILL BE LOCATED AT SAPUTO INC.'S HEAD OFFICE IN MONTRÉAL.SAPUTO INC - SAPUTO INTENDS THAT MANAGEMENT OF UK OPERATIONS WILL CONTINUE TO BE BASED IN SURREY, ENGLAND.SAPUTO INC - SAPUTO EXPECTS EXISTING NON-EXECUTIVE DAIRY CREST DIRECTORS WILL RESIGN FROM OFFICE AS DIRECTORS OF DAIRY CREST WITH EFFECT FROM DATE.SAPUTO INC - GIVEN THAT SAPUTO DOES NOT HAVE A PRESENCE IN UK, SAPUTO FORESEES ONLY LIMITED "RATIONALISATION" OF EMPLOYEE ROLES FOLLOWING ACQUISITION.SAPUTO INC - DOES NOT INTEND TO MAKE ANY MATERIAL CHANGE IN CONDITIONS OF EMPLOYMENT OF EMPLOYEES AND MANAGEMENT OF DAIRY CREST GROUP.  Full Article

Saputo Says Q2 Adjusted Earnings Per Share C$0.42
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Saputo Inc ::FINANCIAL RESULTS FOR FISCAL 2019 SECOND QUARTER ENDED SEPTEMBER 30, 2018.Q2 ADJUSTED EARNINGS PER SHARE C$0.42.Q2 EARNINGS PER SHARE C$0.42.Q2 REVENUE C$3.42 BILLION VERSUS I/B/E/S VIEW C$3.46 BILLION.Q2 EARNINGS PER SHARE VIEW C$0.44 -- THOMSON REUTERS I/B/E/S.SAPUTO - USA MARKET FACTORS, LOWER INTERNATIONAL DAIRY INGREDIENT AND CHEESE MARKET PRICES NEGATIVELY IMPACTED Q2 ADJUSTED EBITDA BY ABOUT $25 MILLION.CURRENTLY REVIEWING PROPOSED CHANGES IN USMCA & SPECIFIC IMPACTS ON CANADA, USA & INTERNATIONAL SECTORS.DOES NOT FORESEE SIGNIFICANT IMPACTS ON OPERATIONS UPON FORMAL ADOPTION OF USMCA.SAPUTO - DAIRY INGREDIENT MARKETS HAVE CONTINUED TO BE DEPRESSED DURING Q2, CO ANTICIPATES MARKET PRICES WILL REMAIN LOW FOR REMAINDER OF FISCAL 2019.DAIRY INGREDIENT MARKET PRICES IN 2019 WILL CONTINUE TO PUT DOWNWARD PRESSURE ON CANADA AND USA SECTORS' MARGINS.DO NOT EXPECT SIGNIFICANT RECOVERY IN INTERNATIONAL CHEESE AND DAIRY INGREDIENT PRICES IN FISCAL 2019.  Full Article

Saputo To buy Activities Of F&A Dairy Products In the U.S
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Saputo Inc ::SAPUTO TO ACQUIRE THE ACTIVITIES OF F&A DAIRY PRODUCTS IN THE UNITED STATES.SAPUTO INC - PROPOSED DEAL FOR PURCHASE PRICE OF US$85 MILLION.SAPUTO INC - PURCHASE PRICE WILL BE PAID IN CASH FROM CASH ON HAND AND AVAILABLE CREDIT FACILITIES.  Full Article

Mg Unit Trust Updates On Saputo Asset Sale Working Capital Adjustment
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Mg Unit Trust ::AFTER SAPUTO ASSET SALE WORKING CAPITAL ADJUSTMENT, ESTIMATE OF NET VALUE PER SHARE/UNIT SALE PROCEEDS REMAINS AT $1.25 TO $1.30.SALE WORKING CAPITAL ADJUSTMENT RESULTS IN OVERALL GAIN ON SALE $19.2 MILLION VERSUS GAIN ON SALE ESTIMATED IN FY FINANCIAL STATEMENTS $35.9 MILLION.SAPUTO ASSET SALE WORKING CAPITAL ADJUSTMENT TO BE RECOGNISED IN INTERIM FINANCIAL STATEMENTS FOR DEC 31, 2018.  Full Article

Bega Cheese Says ACCC Approves Acquisition Of Saputo's Koroit Facility
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Bega Cheese Ltd ::ACCC APPROVES ACQUISITION OF SAPUTO'S KOROIT FACILITY.ACCC APPROVED PURCHASE OF SAPUTO DAIRY AUSTRALIA KOROIT DAIRY PROCESSING FACILITY LOCATED AT KOROIT IN WESTERN VICTORIA.  Full Article

MG Unit Trust Updates On Revised Estimate Of Net Value Per Unit From Proceeds Of Asset Sale
Tuesday, 3 Jul 2018 

July 3 (Reuters) - MG Unit Trust ::ESTIMATE OF NET VALUE PER UNIT FROM PROCEEDS OF ASSET SALE TO SAPUTO DAIRY AUSTRALIA REVISED TO $1.25 TO $1.30.  Full Article

MG Unit Trust Announces Completion Of Asset Sale To Saputo
Tuesday, 1 May 2018 

May 1 (Reuters) - Mg Unit Trust ::ANNOUNCES COMPLETION OF ASSET SALE TO SAPUTO.  Full Article

MG Unit Trust Notes Saputo's Announcement That Saputo Initiated Discussions With ACCC
Monday, 5 Mar 2018 

March 5 (Reuters) - Mg Unit Trust ::NOTES SAPUTO'S ANNOUNCEMENT THAT SAPUTO INITIATED DISCUSSIONS WITH ACCC REGARDING DIVESTMENT PLAN FOR KOROIT DAIRY PLANT.SAPUTO'S DISCUSSIONS IN ORDER TO ADDRESS ACCC CONCERNS & TO OBTAIN ACCC CLEARANCE FOR ASSET SALE.  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

Australia's Ruralco backs 44 percent premium in Canada's Nutrien bid; shares surge

SYDNEY Australian rural services firm Ruralco Holdings Ltd on Wednesday backed a $337 million takeover bid by Canada's Nutrien Ltd, the latest potential tie-up in a sector consolidating in the face of severe drought.