The Canadian Press

2013-07-15 | BIZ Loblaw Shoppers Purchase

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Loblaw announced a friendly deal to buy Shoppers Drug Mart for 12.4-billion dollars in cash and stock, combining Canada's largest grocery and pharmacy chains. Loblaw chairman Galen Weston said they were creating a transformational partnership. Under the agreement, Shoppers would keep its brand name and operate as a separate division.

Date: 2013-07-15
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << between Loblaw and Shoppers Drug Mart we are changing the Retail Landscape in Canada by combining these two iconic companies we are creating an Innovative new retailer that will put both companies trusted Brands and services within even closer reach of more Canadians >>


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