Loblaws to buy Shoppers Drug Mart for $12.4-billion
BERTRAND MAROTTE
The Globe and MailPublished Monday, Jul. 15 2013, 6:08 AM EDT
Last updated Monday, Jul. 15 2013, 10:41 AM EDT
http://www.theglobeandmail.com/report-on-business/loblaw-to-buy-shoppers-drug-mart-for-124-billion/article13215651/
http://www.loblaw.ca/
[[["...
Loblaw Cos. Ltd. has struck a definitive agreement to acquire Shoppers Drug Mart for $12.4-billion in cash and stock.
The deal will create a retail juggernaut in a Canadian market already populated by formidable competitors such as U.S. giants Target Corp. and Wal-Mart Stores Inc .
The combined company – on a pro forma basis – pulled in $42-billion in revenue, $3-billion in earnings before interest, taxes, depreciation and amortization (EBITDA) and $1-billion in free cash flow last year.
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...LOBLAWS and Shoppers Drug Mart, I do advise you, your Pharmaceuticals Depo. might be into problems sooner or later with me...!
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