DealBook: Loblaw, Canada’s Largest Grocer, Is Buying Its Biggest Pharmacy Chain

Chris Wattie/ReutersA Shoppers Drug Mart in Ottawa. 8:39 p.m. | Updated The Loblaw Companies Limited, Canada’s largest grocer, said on Monday that it would acquire Shoppers Drug Mart, the country’s biggest pharmacy chain, for $11.9 billion in cash and stock. Loblaw, which is family-owned, is facing several challenges to its core business. Last month, Sobeys, […]