Loblaw Companies Limited completes C$12.4 billion acquisition of Shoppers Drug Mart Corporation

Date Closed: 3/28/2014

Value: C$12.4 billion

On March 28, 2014, Loblaw Companies Limited (Loblaw) announced that it had completed its acquisition of Shoppers Drug Mart Corporation (Shoppers Drug Mart), which is now a unique and separate operating division of Loblaw for C$12.4 billion. This was one of the largest retail mergers in Canadian history involving two very well-known companies.

Loblaw, headquartered in Brampton, Ontario is a provider in  grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services.

Shoppers Drug Mart, headquartered in Toronto, Ontario is a large retail pharmacy chain.

BLG acted as competition counsel for Loblaw Companies Limited with a team led by Robert Russell that included Brendan Wong, Denes Rothschild and Zirjan Derwa.