George Weston is keeping sales and price expectations modest this year after beating the Street in the first quarter. Adjusted net income came in at $0.88 per share, both one penny ahead of analyst expectations and its adjusted profit for the same period last year.

Loblaw Companies (TSE:L) has said it plans to create a real estate investment trust (REIT) with assets currently valued at more than $7 billion that will be sold by way of an IPO sometime in the middle of next year. 

Canadian cheese maker Saputo Inc. (TSE:SAP) Monday will pay $1.45 billion to buy Morningstar Foods, a U.S. company that makes a variety of dairy and non-dairy products such as creams, ice cream mixes, sour cream and cottage cheese.

Green Mountain Coffee Roasters (NASDAQ:GMCR) late Tuesday posted fiscal fourth-quarter results that beat market expectations.

ConAgra Foods (NYSE:CAG) has made a $90 per share agreed bid for Ralcorp Holdings (NYSE:RAH) - a 28 per cent premium over Ralcorp’s closing stock price Monday.