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George Weston Limited announces agreement to purchase additional $500 million in Loblaw Companies Limited common shares to

George Weston Limited announces agreement to purchase additional $500 million 
in Loblaw Companies Limited common shares to finance portion of Loblaw's 
acquisition of Shoppers Drug Mart Corporation 
TORONTO, July 15, 2013 /CNW/ - George Weston Limited (TSX: WN) ("Weston" or 
"the Company") today announced that it will subscribe for 10,515,247 Loblaw 
Companies Limited ("Loblaw") common shares valued at $500 million. Proceeds 
from the private placement will be used to finance a portion of the cash 
consideration to be paid by Loblaw as part of its acquisition of Shoppers Drug 
Mart Corporation. The price per share to be paid by Weston will be $47.55, 
which was Loblaw's closing share price on July 12, 2013 and the same price at 
which shares are being issued to Shoppers Drug Mart shareholders under the 
transaction. Loblaw and Shoppers Drug Mart announced the combination earlier 
today. 
Weston is Loblaw's controlling shareholder, with voting ownership of 
approximately 63% of Loblaw's common shares. Taking into consideration its 
current holdings and those to be purchased through the private placement, 
Weston will have voting ownership of approximately 46% of Loblaw's common 
shares upon completion of the acquisition. 
W. Galen Weston, Executive Chairman of Weston said, "This investment 
underscores our strong support of this transaction and the value that can be 
generated by combining Loblaw, Canada's leading food retailer, and Shoppers 
Drug Mart, the country's leading pharmacy retailer. By joining forces, the 
combined company will be uniquely positioned to better serve Canadian 
consumers and have the means to bring exciting innovations to the Canadian 
marketplace, leading to even stronger growth and profitability." 
About George Weston Limited 
George Weston Limited is one of North America's largest food processing and 
distribution groups operating in two segments: baking through Weston Foods, 
and food and general merchandise distribution through Loblaw Companies Limited. 
Forward-Looking Statements 
This News Release for George Weston Limited (the "Company") contains 
forward-looking statements about the proposed acquisition by its subsidiary, 
Loblaw Companies Limited ("Loblaw") of all of the outstanding common shares of 
Shoppers Drug Mart Corporation. These statements reflect the Company's current 
expectations regarding the future operating and financial performance of the 
combined company. The Company's estimates, beliefs and assumptions are 
inherently subject to significant business, economic, competitive and other 
risks and uncertainties regarding future events and as such, are subject to 
change. 
There can be no assurance that the proposed transaction will occur or that the 
anticipated strategic benefits and operational, competitive and cost synergies 
will be realized. The proposed transaction is subject to various regulatory 
approvals, including approval under the Competition Act and by the TSX, and 
the fulfillment of certain conditions, and there can be no assurance that any 
such approvals will be obtained and/or any such conditions will be met. The 
proposed transaction could be modified, restructured or terminated. 
Readers are cautioned that the foregoing list of factors is not exhaustive. 
Other risks and uncertainties not presently known to the Company or that the 
Company presently believes are not material could also cause actual results or 
events to differ materially from those expressed in its forward-looking 
statements. Additional information on these and other factors that could 
affect the operations or financial results of the Company included in reports 
filed by the Company with applicable securities regulatory authorities and may 
be accessed through the SEDAR website (www.sedar.com). 
Readers are cautioned not to place undue reliance on these forward-looking 
statements, which reflect the Company's expectations only as of the date of 
this News Release. The Company disclaims any obligation to update or revise 
any forward-looking statements, whether as a result of new information, future 
events or otherwise, except as required by law. 
Geoffrey H. Wilson Senior Vice President, Financial Control and Investor 
Relations (416) 922-2500 
SOURCE: George Weston Limited 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/July2013/15/c7376.html 
CO: George Weston Limited
ST: Ontario
NI: FBR FOD ORDER  
-0- Jul/15/2013 10:04 GMT