Teachers' Completes $362M Secondary Bought Deal Public Offering of Maple Leaf Foods Common Shares

On December 16, 2010, Ontario Teachers' Pension Plan Board (“Teachers'”) completed a secondary public offering of 34,513,155 common shares of Maple Leaf Foods Inc. (“Maple Leaf”) for $10.50 per share. Teachers' raised gross proceeds of approximately $362 million under the offering. As a result of the closing of the public offering, Teachers' disposed of its entire interest in Maple Leaf. The common shares were sold by way of a bought deal through BMO Nesbitt Burns Inc. and TD Securities Inc.

Teachers' was represented in-house by Stephen Solursh and by Stikeman Elliott LLP with a team that included William Braithwaite, David Weinberger and Mike Devereux (corporate and securities).

Maple Leaf was represented in Canada and the United States by Osler, Hoskin & Harcourt LLP with a team that included Donald Ross, Michael Innes, Jason Comerford, James Brown and Tara Law (corporate and securities) and Julie Colden (tax).

The underwriters were represented in Canada by Davies Ward Phillips & Vineberg LLP with a team that included Shawn McReynolds, James Reid and Tiffany Jung (corporate and securities). The underwriters were represented in the United States by Skadden, Arps, Slate, Meagher & Flom LLP with a team that included Riccardo Leofanti and David Beeston (corporate and securities).