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Maple Leaf Foods completes pork spinoff of Canada Packers

Maple Leaf Foods Inc. says it has completed the spinoff of its pork operations into Canada Packers Inc.

Common shares of Canada Packers started trading yesterday on the Toronto Stock Exchange under the symbol CPKR.

Maple Leaf Foods is keeping a 16 per cent stake in Canada Packers and the two companies have entered into an evergreen supply agreement.

It will also be an anchor customer for Canada Packers which will supply pork for its prepared meats business.

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