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Grocery & Drug Stores M&A image 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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Company Name:  Loblaw Companies Ltd
Website:  www.loblaw.ca
Sector:  Grocery & Drug Stores
 

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March 28, 2024    7:57 PM Eastern
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