The Litigator

THE LITIGATOR

Commentary on Law Affecting Business

The Litigator
AGM :: Affleck Greene McMurtry LLP

THE LITIGATOR

Affleck Greene McMurtry LLP
365 Bay Street, Suite 200  ·  Toronto, Canada
416 360 2800  ·  info@agmlawyers.com  ·  www.thelitigator.ca

Loblaws Agrees to Sell Stores to Acquire Shoppers

Loblaw Companies Limited agreed to sell 18 retail stores and 9 pharmacies, as well as to abide by certain behavioural restrictions, in order to receive Bureau approval of its of Drug Mart . Loblaw entered into a consent with the Bureau on March 21, following the Bureau’s review of the proposed acquisition.

During the review process, the Bureau concluded that the proposed would likely lead to a substantial lessening or prevention of competition in the retail of pharmacy products and drugstore-type merchandise in .  The Bureau determined that without a consent agreement, the proposed acquisition would likely have led to increased prices.

The Bureau also had concerns with certain conduct by Loblaw with respect to its suppliers.  In order to address these concerns, the Consent Agreement contains behavioural restrictions on certain Loblaw programs and agreements on the supply of products for retail sale lasting as long as five years from the date of closing the proposed transaction.

Yonatan Lipetz (Former Articling Student)
LLP

Yonatan Lipetz (Former Articling Student)

Yonatan Lipetz formerly an Articling Student with Affleck Greene McMurtry LLP

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