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Canada's Loblaw Puts Up $12B For Shoppers Drug Mart

By Kathryn Brenzel ( July 15, 2013, 12:03 PM EDT) -- Canadian grocery giant Loblaw Cos. Ltd. said Monday that it will fork over CA$12.4 billion (US$11.9 billion) to buy up Shoppers Drug Mart's outstanding shares, a deal the companies say tackles the small-urban store sector and fosters significant cash flow for future growth....

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