date:Jun 14, 2013
e Chopper and Thrifty Foods.
The takeover, subject to a review by the Competition Bureau, is expected to close later this year. Empire declined to comment on whether it expects the agency to compel it to divest certain assets to win approval.
Canadian rating agency DBRS put its ratings on Empire under review, highlighting concerns that the acquisition heightens its financial risk profile, but it also said Empire credit risk profile could remain consistent with an investment grade rating.
Scot