Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., Apr. 18, 12:36 PM
Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.
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Slide #33. Loblaw Companies Limited — Shoppers Drug Mart Corporation
Acquirer:
Loblaw Companies Limited (TSE:L.CA)
Acquiree:
Shoppers Drug Mart Corporation
Details:
Loblaw Companies Limited (TSX: L) today announced that it has filed an information statement relating to its proposed acquisition of Shoppers Drug Mart Corporation for a combination of cash and Loblaw common shares. The information statement is intended to assist Loblaw shareholders in understanding the impact of the transaction on Loblaw and its business. The information statement is available at www.loblaw.ca and has been filed on SEDAR at www.sedar.com.
Loblaw Companies is a holding company. Through its subsidiaries, Co. has two reportable operating segments: Retail and Financial Services. The Retail segment consists primarily of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, apparel and other general merchandise and supports the PC Optimum™ Program. Co.'s Financial Services segment provides credit card and banking services, the PC Optimum™ Program, insurance brokerage services, and telecommunication services.
Preferred: L.PRA.CA
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