UPDATE 1-Mexico's Grupo Bimbo to buy Canada Bread for $1.7 billion
February 12, 2014 at 08:25 AM EST
TORONTO, Feb 12 (Reuters) - Mexico's Grupo Bimbo will buy Canada Bread Company for C$1.83 billion ($1.66 billion) in cash, allowing the Canadian company's parent Maple Leaf Foods to focus on its meat products business, Canada Bread said on Wednesday.