Grocery chain will gain 1,200 locations across Canada in cash-and-shares deal.
The merger of Canada's largest grocery retailer, Loblaw, and the country's biggest pharmacy chain, Shoppers Drug Mart, will not reduce competition and customer choice as some fear, Loblaw executive chairman Galen G. Weston assured customers at a press conference in Brampton, Ont., Monday.
"This is a transaction about two complementary businesses," Weston said. "This is not an overlapping, scaling-up transaction when you really get into the detail."
Read more: www.cbc.ca/news/business/story/2013/07/15