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Old 07-15-2013, 11:31 AM   #7
bizaro86
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Quote:
Originally Posted by GP_Matt View Post
Does anyone know if this is a sure thing or if the shareholders have to ratify it first?
They do have to, but they will. The bid was at a big premium, so the shareholders will take their huge profits and do something else with them. Those who still like the business can keep their Loblaw stock. Approval is a formality unless someone bids more, but I can't think of anyone that would. (Maybe a big US drug chain?)
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