date:Jun 14, 2013
iately following the close of the transaction late this year.
The company expects roughly C$200 million in annual savings within three years following the close of the deal by integrating distribution networks and reducing procurement, administration and marketing costs.
The all-cash transaction will be financed through equity and debt offerings, along with a lease-back deal on some real estate assets being acquired.
In addition to the grocery stores, it is acquiring about 200 in-store pharma