Bimbo Eyes George Weston Bakery Unit

Mexican bread maker Grupo Bimbo has revealed it is in talks to acquire the bread-making unit of Dunedin Holdings, a subsidiary of Canada-based food and retail conglomerate George Weston. The deal could be worth up to US$2.4bn but concerns over how Bimbo would fund the purchase have prompted rating agency Standard & Poor's (S&P) to warn that the firm's debt ratings could be negatively affected if the firm takes on a substantial new

To read the full article, please choose one of the following options: