Feb 22 (Reuters) - Saputo Inc SAP.TO , one of Canada's largest dairies agreed to buy Britain's largest dairy food company Dairy Crest Group Plc DCG.L for about 975 million pounds ($1.27 billion), the companies said on Friday.
The deal price of 620 pence in cash for each Dairy Crest share by Saputo's unit Saputo Dairy UK represents a premium of about 11.7 percent to the London-listed company's close of 555 pence on Thursday. ($1 = 0.7665 pounds)