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Grocery & Drug Stores M&A image Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., Mar. 28, 12:14 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 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



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 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



Open the SC.CA Page at The Online Investor »

Company Name:  Loblaw Companies Ltd
Website:  www.loblaw.ca
Sector:  Grocery & Drug Stores
Company Name:  Serrano Resources Ltd
Sector:  Oil & Gas Exploration & Production
 

March 28, 2024    12:14 PM Eastern
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