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CEO Michael McCain has long resisted offers to buy Canada Bread, but the cost of needed reinvestment combined with investor pressure have caused him to relent.
CEO Michael McCain has long resisted offers to buy Canada Bread, but the cost of needed reinvestment combined with investor pressure have caused him to relent.
(RYAN REMIORZ/THE CANADIAN PRESS)

Why Maple Leaf pushed Canada Bread toward the checkout counter

It should come as no surprise that Maple Leaf Foods Inc. is exploring options for Canada Bread Co., its publicly traded bakery business, including a possible sale of its 90-per-cent stake. The McCains have been struggling to turn around their food empire for years, but they keep stumbling onto sharp objects.