Securities and Canada Cross-Border Practice Advises on Spin-Off to Form Independent, Public Company
(New York, NY, June 19, 2025) Carter Ledyard is pleased to announce that we assisted our client, Maple Leaf Foods, in its the spin-off of its world leading pork division to form a new public company, Canada Packers Inc. Maple Leaf Foods shareholders approved the proposed spinoff on June 11th. The transaction is expected to be completed in the second half of 2025 pending receipt of an advance tax ruling and satisfaction of other customary closing conditions. The Firm’s Securities and Canada Cross-Border group advised on the US aspects of this strategic split.
CLM partner Guy P. Lander led the matter, with tax chair Melinda Fellner providing tax services and support from associates Paul J. Brown III and Nikolaos Chagias, and paralegal Marianne Bellucci.
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