Loblaws Buying Shoppers Drug Mart

[dj_rice]

Loblaws is becoming quite the powerhouse. First T & T Supermarkets and now Shoppers Drug Mart. Wonder if they have a stock to invest in.

Loblaw Cos. Ltd. announced Monday an agreement to buy Shoppers Drug Mart Corp. for $12.4-billion in cash and stock. The Loblaw deal, which gives the company a dominant presence in urban core markets – no-go zones for big-box retailers – means downtowners who use Shoppers as their local convenience store will be able to stock up on President’s Choice cookies while getting a PC Financial bank account

http://www.theglobeandmail.com/repor...ticle13239390/

[roopi]

Originally posted by dj_rice
Wonder if they have a stock to invest in.

Yes it is traded on the TSX under the symbol L:

http://web.tmxmoney.com/quote.php?qm_symbol=L

[Disoblige]

Haha, I didn't even read the quote or article and the first thing I thought of was PC oatmeal cookies in Shoppers now.

[finboy]

Don't forget law firms as well