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Jul. 15, 2013, 7:19 AMLoblaw's (LBLCF.PK) C$12.4B ($11.93B) acquisition of Shoppers Drug Mart (SHDMF.PK) will create a company that generates over C$42B a year and comes amid increasing competition from Target (TGT) and Wal-Mart (WMT). "With scale and capability, we will be able to accelerate our momentum and strengthen our position in the increasingly competitive marketplace," says Loblaw Executive Chairman Galen Weston. (PR) | Jul. 15, 2013, 7:19 AM | Comment!
Jul. 15, 2013, 6:56 AMLoblaw (LBLCF.PK), Canada's biggest food retailer, has agreed to acquire the country's biggest pharmacy chain, Shoppers Drug Mart (SHDMF.PK), for C$12.4B ($11.93B) in cash and stock. Loblaw's offer of C$61.54 a share represents a premium of 27% premium to Shoppers' closing price on Friday. (PR) | Jul. 15, 2013, 6:56 AM | Comment!
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Loblaw Companies Limited (Loblaw) is Canada's largest food retailer and a leading provider of drugstore, general merchandise and financial products and services. Through our portfolio of store formats, we are committed to providing Canadians with a wide, growing and successful range of products... More
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