Loblaw Purchases Shoppers Drug Mart For $12.4 Billion

This past week Loblaw announced the historic purchase of 1,200-store pharmacy chain Shoppers Drug Mart for $12.4 billion.  This is the largest Canadian acquisition year to date and propels the Canadian grocery store industry into further consolidation following on the heels of last months purchase of Safeway by Sobeys for $5.8 billion. In a news
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