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Loblaw Cos. acquisition of Shoppers Drug Mart gets OK from shareholders
Toronto -- Shareholders of Canada’s Shoppers Drug Mart voted in favor of the drugstore chain’s proposed acquisition by Loblaw Cos.
The transaction was approved by approximately 99.89% of the votes cast by all of the Shoppers Drug Mart shareholders eligible to vote.
As previously reported, Loblaw Cos. and Shoppers Drug Mart announced on July 15 a definitive agreement under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.
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Target receives LEED certification for 44 more Canadian stores
Mississauga, Ontario -- Target announced that an additional 44 store locations in Canada have been awarded LEED (Leadership in Energy & Environmental Design) certification. This means that all 68 newly launched Target locations have been awarded LEED certification, a first for a major retailer in Canada.
Target is pursuing LEED certification for all 124 stores scheduled to open in Canada this year through the LEED Volume Program, which streamlines the certification process for buildings in both Canada and the U.S.