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Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Mon., Mar. 18, 10:13 PM 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.

The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

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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The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

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 »

March 18, 2024    10:13 PM Eastern
Quotes delayed 20 minutes

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