The Becker Milk Company Limited
TSX : BEK.B

December 17, 2013 17:30 ET

The Becker Milk Company Limited Sale Process Update

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2013) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

The Becker Milk Company Limited (the "Company" or "Beckers") (TSX:BEK.B) announces that PriceWaterhouseCoopers Real Estate Inc. ("PWC") has completed the initial steps in its retainer to explore the possible sale of the Company. PWC has canvassed potentially interested parties and is now proceeding with discussions with a short list of potential acquirers. Interested parties who are on the short list have been granted access to the data room of the Company.

The Board of Beckers reserves the right to alter any aspect of the process or to terminate it at any time and in such cases will make an announcement if appropriate. The Board of Beckers also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time. There can be no certainty that any sale will be concluded, nor as to the terms on which a sale may be completed.

The Company currently owns and manages 67 retail commercial properties throughout southern Ontario with the majority of locations leased to Mac's. Mac's is owned and operated by Alimentation Couche-Tard Inc.

For the Board of Directors

G.W.J. Pottow, President

Contact Information

  • The Becker Milk Company Limited
    G.W.J. Pottow
    President
    416-698-2591