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Loblaw To Buy Shoppers Drug Mart For $12.4B

shoppers-loblaws-450x174Loblaw To Buy Shoppers Drug Mart For $12.4B – More Info

‘Loblaw, Canada’s largest supermarket chain, has agreed to buy Shoppers Drug Mart for $12.4 billion, the companies announced early Monday.

Toronto-based Loblaw will acquire all outstanding common shares in Shoppers, gaining some 1,200 drug stores in all provinces — many of them small locations in urban markets — in return for cash and Loblaw shares.’

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