George Weston Dividend Raises Questions Over Acquisition Plan

TORONTO — George Weston Ltd. (WN.T) is up significantly after announcing a C$1 billion special dividend, amounting to about C$7.75 a share, a possible sign that it has failed, at least so far, to find attractively priced acquisition targets to grow its frozen bakery business, some analysts suggest.

Since December 2008 when George Weston sold its fresh bread and baked-goods business in the U.S. for US$2.5 billion, investors have expected George Weston, which is also …

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