date:Sep 13, 2013
ke Wal-Mart Stores Inc (WMT.N), which has ramped up its grocery offerings, and newer entrant Target Corp (TGT.N), which offers a smaller selection of food products.
The deal, which is expected to close by the end of the first quarter of 2014, still needs approval by the competition bureau. The application to the bureau is expected to be submitted shortly after Thursday's meeting.
Meanwhile, local rival Empire Co Ltd (EMPa.TO) is acquiring Safeway Inc's Canadian assets for $5.7 billion, cementi