The Becker Milk Company Limited
TSX : BEK.B

September 10, 2015 17:30 ET

The Becker Milk Company Limited Sale Process Update

TORONTO, ONTARIO--(Marketwired - Sept. 10, 2015) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

The Becker Milk Company Limited (the "Company" or "Beckers") (TSX:BEK.B) today provided an update on the Company's sale process being undertaken by the Board of Beckers, previously announced in press releases dated August 6, 2013, December 17, 2013 and July 14, 2015.

The Company previously announced that PricewaterhouseCoopers Real Estate Inc. had completed the initial steps in the sale process and that the Company was engaged in advanced discussions with a single potential acquirer. These discussions have now been terminated. The Company will continue to review its strategic alternatives and will update the market as appropriate and as required.

As previously disclosed there can be no assurance that the Company's review of strategic alternatives and/or discussions with any potential purchasers will result in a completed transaction.

The Company currently owns and manages 66 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

This news release may contain forward-looking statements with respect to the Company including, but not limited to, statements with respect to the sale process, current discussions with third parties and whether such discussions ultimately lead to a transaction. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to general economic conditions, risks related to unsatisfactory third party due diligence on the Company and its properties, conclusions of economic evaluations, as well as those factors discussed in the Company's annual information form, which is available at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company does not undertake to update any forward-looking statements that are set out in this news release, except in accordance with applicable securities laws.

Contact Information

  • G.W.J. Pottow
    President
    416-698-2591