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Grocery & Drug Stores M&A image Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., May. 6, 5:44 PM Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.

Slide #36. Loblaw Companies Limited Shoppers Drug Mart Corporation

Acquirer: Loblaw Companies Limited (L.CA)
Acquiree: Shoppers Drug Mart Corporation (SC.CA)
Details: Loblaw Companies Limited (TSX: L) and Shoppers Drug Mart Corporation (TSX: SC) today announced a definitive agreement under which Loblaw will acquire all of the outstanding Shoppers Drug Mart common shares for $33.18 in cash plus 0.5965 Loblaw common shares per each Shoppers Drug Mart common share, on a fully pro rated basis. Using the Loblaw closing common share price on July 12, 2013, this amounts to $61.54 per Shoppers Drug Mart common share. This price represents a 29.4% premium to the 20-day VWAP of Shoppers Drug Mart common shares as of July 12, 2013.

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. Co.'s Financial Services segment provides credit card services, insurance brokerage services, guaranteed investment certificates and wireless mobile products and services, and operates the PC Optimum loyalty program.

Preferred: L.PRA.CA



Open the L.CA Page at The Online Investor »

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. Co.'s Financial Services segment provides credit card services, insurance brokerage services, guaranteed investment certificates and wireless mobile products and services, and operates the PC Optimum loyalty program.

Preferred: L.PRA.CA



Open the SC.CA Page at The Online Investor »

Company Name: 
Loblaw Companies Ltd
Website: 
www.loblaw.ca
Sector: 
Grocery & Drug Stores
Number of ETFs Holding L.CA: 
5
Total Market Value Held by ETFs: 
$9.19M
Total Market Capitalization: 
$23.90B
% of Market Cap. Held by ETFs: 
0.04%
Company Name: 
Serrano Resources Ltd
Sector: 
Oil & Gas Exploration & Production
 

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