Maple Leaf Foods sees shares drop by 3%

…the Ontario Teachers' Pension Plan is looking to sell its stake in Maple Leaf Foods sent shares in the company down nearly 3% on Tuesday.

http://www.canada.com
June 9, 2010

Maple Leaf Foods sees shares drop by 3%
News Services

A newspaper report saying the Ontario Teachers' Pension Plan is looking to sell its stake in Maple Leaf Foods sent shares in the company down nearly 3% on Tuesday.

The 35.3% stake, worth about $429 million US, is the pension fund's largest single holding of a listed company in Canada, the Globe and Mail reported.

Teachers' plan to sell its stake will likely overhang Maple Leaf shares until it finds a buyer, said analyst Bob Gibson of Octagon Capital Corp.

© Copyright (c) Canwest News Service

http://www.canada.com/Maple+Leaf+Foods+sees+shares+drop/3130894/story.html


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