Canada:
Loblaw Sells Three Shoppers Drug Mart Stores To Rexall And McKesson
05 December 2014
Affleck Greene McMurtry LLP
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On December 2, 2014, the Competition Bureau approved the sale of three additional Shoppers
stores to Rexall and an independent pharmacist operating under the
McKesson banner.
Under the
Consent Agreement signed between Loblaw and the Bureau in March
2014, Loblaw is required to sell a total of 27 stores as
a condition for clearing its acquisition of Shoppers Drug
Mart. The Bureau previously approved the sale of 10 Shoppers
Drug Mart stores in October 2014, and 13 other Loblaw-owned stores in July 2014.
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