Maple Leaf Foods’ previously announced spinoff of its pork operations as Canada Packers Inc. is expected to close on October 1, 2025, the company announced last week.
Maple Leaf Foods
The record date for the arrangement is September 30, 2025.
Earlier in 2025, Maple Leaf Foods received the required shareholder and court approvals for the arrangement, and with a favorable ruling from the Canada Revenue Agency expected imminently, it is positioned to move forward with the closing.
Pursuant to the Arrangement, Maple Leaf Foods will retain a 16% ownership interest in Canada Packers, with the balance of the shares being distributed pro-rata to existing Maple Leaf shareholders. Each MLF Shareholder will receive, for each common share of Maple Leaf Foods held on the arrangement record date, 0.2 of a common share of Canada Packers, as further described in the management information circular of MLF dated May 1, 2025.
Based upon 124,826,070 issued and outstanding Maple Leaf Foods common shares as of September 25, 2025, it is expected that there will be approximately 29,720,492 Canada Packers common shares immediately following completion of the arrangement, of which 24,965,214 are to be distributed pro rata to Maple Leaf Foods shareholders and 4,755,278 of which are to be retained by Maple Leaf Foods.
The Toronto Stock Exchange will implement a "due bill" trading market for Maple Leaf Foods common shares commencing September 30, and ending at the close of business on October 1.
The Canada Packers common shares will commence trading on the Toronto Stock Exchange (TSX) on October 2, 2025 under the symbol "CPKR.” Maple Leaf Foods shares will continue to trade under the MFI ticker on the TSX.
