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Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Thu., Oct. 18, 2:41 AM Recent mergers and acquisitions in the Department Stores M&A category.

Slide #1. Scotiabank 20% of Canadian Tire's Financial Services Business

Acquirer: Scotiabank (BNS.CA)
Acquiree: 20% of Canadian Tire's Financial Services Business (CTC.CA)
Details: Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) and Scotiabank (TSX: BNS) (NYSE: BNS) today announced a far-reaching strategic partnership that creates unprecedented opportunities for joint marketing to drive new business growth. The agreement will see Scotiabank acquire a 20% equity interest in Canadian Tire's financial services business for $500 million in cash. Scotiabank will also provide a funding commitment to Canadian Tire's financial services business with credit card receivable financing of up to $2.25 billion.

Scotiabank is a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. Through its three operating segments: Canadian Banking, International Banking, and Global Banking and Markets, Co. provides a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. As of Oct 31 2017, Co. had total assets of C$915,273 million and total deposits of C$625,367 million.

Preferreds: BNS.PRJ.CA, BNS.PRK.CA, BNS.PRL.CA, BNS.PRM.CA, BNS.PRN.CA, BNS.PRO.CA, BNS.PRP.CA, BNS.PRQ.CA, BNS.PRR.CA, BNS.PRS.CA, BNS.PRT.CA, BNS.PRX.CA, BNS.PRY.CA, BNS.PRZ.CA



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Scotiabank is a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. Through its three operating segments: Canadian Banking, International Banking, and Global Banking and Markets, Co. provides a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. As of Oct 31 2017, Co. had total assets of C$915,273 million and total deposits of C$625,367 million.

Preferreds: BNS.PRJ.CA, BNS.PRK.CA, BNS.PRL.CA, BNS.PRM.CA, BNS.PRN.CA, BNS.PRO.CA, BNS.PRP.CA, BNS.PRQ.CA, BNS.PRR.CA, BNS.PRS.CA, BNS.PRT.CA, BNS.PRX.CA, BNS.PRY.CA, BNS.PRZ.CA



Open the CTC.CA Page at The Online Investor »

Company Name: 
Bank of Nova Scotia Halifax
Website: 
www.scotiabank.com
Sector: 
Banking & Savings
Company Name: 
Canadian Tire Corp Ltd
Website: 
www.corp.canadiantire.ca
Sector: 
Department Stores
 

List of Department Stores Mergers & Acquisitions in this Slideshow:

10/10/2012:
Acquirer: CafePress Inc. (PRSS)
Acquiree: EZ Prints
Merger/Acquisition details: details »

10/23/2012:
Acquirer: TD Bank Group (TD)
Acquiree: Target Credit Card Portfolio (TGT)
Merger/Acquisition details: details »

11/28/2012:
Acquirer: FGL Sports (CTC.CA)
Acquiree: Pro Hockey Life
Merger/Acquisition details: details »

12/10/2012:
Acquirer: Core-Mark Holding Company, Inc. (CORE)
Acquiree: J.T. Davenport & Sons, Inc.
Merger/Acquisition details: details »

12/20/2012:
Acquirer: Core-Mark Holding Company, Inc. (CORE)
Acquiree: J. T. Davenport & Sons, Inc.
Merger/Acquisition details: details »

2/6/2013:
Acquirer: Reliance Steel & Aluminum Co. (RS)
Acquiree: Metals USA Holdings Corp. (MUSA)
Merger/Acquisition details: details »

3/11/2013:
Acquirer: Genuine Parts Company (GPC)
Acquiree: Exego Group
Merger/Acquisition details: details »

3/14/2013:
Acquirer: Target Corp. (TGT)
Acquiree: CHEFS Catalog
Merger/Acquisition details: details »

4/2/2013:
Acquirer: Genuine Parts Company (GPC)
Acquiree: Exego Group
Merger/Acquisition details: details »

5/1/2013:
Acquirer: LKQ Corporation (LKQ)
Acquiree: Sator Beheer
Merger/Acquisition details: details »

7/25/2013:
Acquirer: Argonne Capital Group
Acquiree: ALCO Stores, Inc. (ALCS)
Merger/Acquisition details: details »

7/29/2013:
Acquirer: Hudson's Bay Company (HBC.CA)
Acquiree: Saks Incorporated (SKS)
Merger/Acquisition details: details »

8/6/2013:
Acquirer: LKQ Corporation (LKQ)
Acquiree: Five UK-Based Paint Distributors
Merger/Acquisition details: details »

8/6/2013:
Acquirer: Target Corp. (TGT)
Acquiree: DermStore Beauty Group
Merger/Acquisition details: details »

8/12/2013:
Acquirer: FGL Sports Ltd. (CTC.CA)
Acquiree: Pro Hockey Life
Merger/Acquisition details: details »

11/1/2013:
Acquirer: Genuine Parts Company (GPC)
Acquiree: Tekra Corporation and AST Bearings LLC
Merger/Acquisition details: details »

11/4/2013:
Acquirer: Hudson's Bay Company (HBC.CA)
Acquiree: Saks Incorporated
Merger/Acquisition details: details »

12/6/2013:
Acquirer: LKQ Corporation (LKQ)
Acquiree: Keystone Automotive Operations, Inc.
Merger/Acquisition details: details »

1/6/2014:
Acquirer: LKQ Corporation (LKQ)
Acquiree: Keystone Automotive Operations, Inc.
Merger/Acquisition details: details »

1/7/2014:
Acquirer: Uni-Select Inc. (UNS.CA)
Acquiree: Auto Paint and Supply of Lakeland, Inc.
Merger/Acquisition details: details »

2/3/2014:
Acquirer: Genuine Parts Company (GPC)
Acquiree: Commercial Solutions Inc., Food Service and Jan/San Distributor, Specialty Wire and Cable Distributor
Merger/Acquisition details: details »

2/18/2014:
Acquirer: Uni-Select Inc. (UNS.CA)
Acquiree: Metro Paint Supplies Group
Merger/Acquisition details: details »

3/3/2014:
Acquirer: ADDvantage Technologies Group, Inc. (AEY)
Acquiree: Nave Communications
Merger/Acquisition details: details »

3/5/2014:
Acquirer: Uni-Select (UNS.CA)
Acquiree: J.K. Distributors, Inc.
Merger/Acquisition details: details »

4/3/2014:
Acquirer: Uni-Select USA, Inc. (UNS.CA)
Acquiree: Substantially all the assets of J.K. Distributors, Inc.
Merger/Acquisition details: details »

4/15/2014:
Acquirer: LKQ Corporation (LKQ)
Acquiree: Rijsbergen Holding B.V., Pala Holding, B.V., Primaparts Automaterialen B.V., BOAC Automotive B.V. and VEAM B.V.
Merger/Acquisition details: details »

5/8/2014:
Acquirer: Scotiabank (BNS.CA)
Acquiree: 20% of Canadian Tire's Financial Services Business (CTC.CA)
Merger/Acquisition details: details »

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