Baker Two-Bites Seeks Sale – Sources

Give and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, is exploring a sale it hopes could value it at around C$550 million ($416 million), according to people familiar with the matter.

The Toronto based-company's owner, OMERS Private Equity, the buyout arm of the Ontario Municipal Employees Retirement System, has held talks with investment banks in recent weeks to appoint a financial adviser to run an auction or initial public offering for the company, the people said.

The sources asked not to be identified because the matter is confidential. Give and Go and OMERS did not respond to requests for comment.

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