Grocery & Drug Stores M&A » By The Online Investor Staff, updated Thu., Mar. 28, 7:57 PM
Recent mergers and acquisitions in the Grocery & Drug Stores M&A category.
Slide #9. 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) ("Loblaw") today announced that it has completed its acquisition of Shoppers Drug Mart Corporation ("Shoppers Drug Mart"), which is now a unique and separate operating division of Loblaw. |
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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March 28, 2024 7:57 PM Eastern
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