date:Nov 14, 2013
announced a C$12.4 billion ($11.82 billion) deal to buy Canada's largest pharmacy chain, Shoppers Drug Mart.
Shoppers reported slightly lower quarterly net income on Tuesday, due in part to charges from the pending acquisition.
Loblaw said profit was hurt by a later Thanksgiving holiday and a decline in sales at its drugstores. Canadian Thanksgiving is in October, more than a month ahead of the bigger U.S. holiday, while pharmacies are feeling the squeeze from regulatory changes that cap gene