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http://micro.newswire.ca/release ... 62151-0&Start=0
BRAMPTON, ON, July 24 /CNW/ - Loblaw Companies Limited ("Loblaw") (TSX:
L) today announced that the shareholders of T&T Supermarket Inc. ("T&T") have entered into an agreement with Loblaws Inc., a subsidiary of Loblaw, for the purchase of all the common shares of T&T Supermarket, Canada's largest Asian food retailer. The purchase price will be $225 million, with certain adjustments to be made at closing. $191 million of the purchase price will be funded by cash and the remaining through preferred shares issued by T&T, the value of which will be tied to the future performance of the business. |
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