Loblaw's bid wins approval from Shoppers shareholders

09/13/2013 | Reuters · CBC.ca (Canada)

Shareholders of Shoppers Drug Mart voted Thursday to accept Loblaw's C$12.4 billion bid to buy the pharmacy chain, in a deal that will keep the Shoppers name and make the chain a Loblaw subsidiary. The deal, which still needs approval from Canada's competition bureau, is expected to close by the first quarter of 2014.

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Reuters · CBC.ca (Canada)

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