Breaking News

Brent Crude Drops Below $70 a Barrel for the First Time Since May 2010
Tweet TWEET

Loblaw welcomes Shoppers Drug Mart shareholders' approval of acquisition

Loblaw welcomes Shoppers Drug Mart shareholders' approval of acquisition 
BRAMPTON, ON, Sept. 12, 2013 /CNW/ - Loblaw Companies Limited (TSX: L) 
welcomed the decision by shareholders of Shoppers Drug Mart Corporation to 
approve Loblaw's acquisition of Canada's leading pharmacy retailer at a 
special Shoppers Drug Mart shareholders' meeting held in Toronto today. 
"We are very pleased that Shoppers Drug Mart shareholders have overwhelmingly 
decided to support Loblaw's acquisition, which brings together two of the most 
recognized and trusted names in Canadian retailing to create the leading 
Canadian retailer," said Galen G. Weston, Executive Chairman of Loblaw. "The 
combination of Loblaw and Shoppers Drug Mart will transform the Canadian 
retail landscape by delivering more choice, service, value and convenience for 
consumers." 
Shoppers Drug Mart shareholders were asked to vote on a special resolution 
approving Loblaw's acquisition of all outstanding common shares of Shoppers 
Drug Mart in accordance with the definitive agreement entered into on July 14, 
2013. The resolution was approved by 99.89% of the votes cast by Shoppers Drug 
Mart shareholders. 
Closing of the transaction remains subject to court approval and the customary 
competition review process. "Given the complementary nature of the two 
companies' businesses and the intensely competitive Canadian retail market, we 
remain confident the transaction will be approved," commented Mr. Weston. 
"Discussions with the Competition Bureau are ongoing and proceeding as 
expected. We are working with the Bureau to expedite the process. We continue 
to expect to complete the transaction by the end of the first quarter of 2014." 
About Shoppers Drug Mart 
Shoppers Drug Mart is one of the most recognized and trusted names in Canadian 
retailing. Shoppers Drug Mart is the licensor of full-service retail drug 
stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec). 
With 1,244 Shoppers Drug Mart and Pharmaprix stores operating in prime 
locations in each province and two territories, the Company is one of the most 
convenient retailers in Canada. Shoppers Drug Mart also licenses or owns 57 
medical clinic pharmacies operating under the name Shoppers Simply Pharmacy 
(Pharmaprix Simplement Santé in Québec) and six luxury beauty destinations 
operating as Murale. As well, the Company owns and operates 62 Shoppers Home 
Health Care stores, making it the largest Canadian retailer of home health 
care products and services. In addition to its retail store network, the 
Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of 
specialty drug distribution, pharmacy and comprehensive patient support 
services; and MediSystem Technologies Inc., a provider of pharmaceutical 
products and services to long-term care facilities. 
About Loblaw Companies Limited 
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's 
largest food retailer and a leading provider of drugstore, general merchandise 
and financial products and services. Loblaw is one of the largest private 
sector employers in Canada. With more than 1,000 corporate and franchised 
stores from coast to coast, Loblaw and its franchisees employ approximately 
134,000 full-time and part-time employees. Through its portfolio of store 
formats, Loblaw is committed to providing Canadians with a wide, growing and 
successful range of products and services to meet the everyday household 
demands of Canadian consumers. Loblaw is known for the quality, innovation and 
value of its food offering. It offers Canada's strongest control (private) 
label program, including the unique President's Choice®, no name® and Joe 
Fresh® brands. In addition, the Company makes available to consumers 
President's Choice Financial® services and offers the PC® points and PC 
Plus™ loyalty program. For more information, visit Loblaw's website at 
www.loblaw.ca and Loblaw's issuer profile at www.sedar.com. 
Forward-Looking Statements 
Certain statements in this news release are forward-looking information within 
the meaning of applicable securities legislation including, but not limited 
to, statements relating to the expected closing date of the transaction and 
certain strategic benefits expected to result from the transaction. 
Forward-looking information is based on a number of assumptions and is subject 
to a number of risks and uncertainties, many of which are beyond Loblaw's 
control, that could cause actual results and events to differ materially from 
those that are disclosed in or implied by such forward-looking information. 
There can be no assurance that the transaction will occur or that the 
anticipated strategic benefits and operational, competitive and cost synergies 
will be realized. The transaction is subject to various regulatory approvals, 
including approvals under the Competition Act (Canada) 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. Loblaw does 
not undertake any obligation to update such forward-looking information, 
whether as a result of new information, future events or otherwise, except as 
expressly required by applicable law.
 

SOURCE  Loblaw Companies Limited 
Investor Enquiries, contact: Jonathan Ross Investor Relations (905) 861-2153 
jonathan.ross@loblaw.ca 
Media Enquiries, contact: Julija Hunter Vice President, Public Relations 
(905) 861-2437 julija.hunter@loblaw.ca 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2013/12/c6466.html 
CO: Loblaw Companies Limited
ST: Ontario
NI: RET FDR MNA  
-0- Sep/12/2013 16:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.