Loblaw to acquire Shoppers Drug Mart for $11.9 billion
date:Jul 16, 2013
products through Shoppers Drug Mart's store network, Galen G. Weston, Loblaws executive chairman said in the conference call. Likewise, we will begin to offer Shoppers Drug Marts respected wellness brands and pharmacy services in Loblaw's stores.

He also said the combined companies would seek to leverage their respective loyalty programs, and are eying $300 million in buying synergies for cost of goods sold.


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