Maple Leaf Foods says C$11.5 million debentures converted ahead of redemption

By Caroline Salls

Pittsburgh, Jan. 10 - Maple Leaf Foods Inc. said holders of C$11.5 million of its convertible debentures redeemed them prior to redemption at a price of C$15 per share.

A total of C$79.8 million of the debentures were redeemed on Jan. 7 for cash at par plus accrued interest.

The company issued 763,933 shares of stock to the holders who converted their debentures, bringing the number of voting and non-voting common shares outstanding to 125.9 million.

Maple Leaf Foods is a Toronto-based food processing company.

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