A court in Canada has given Empire’s proposed takeover of local retailer Sobeys the green light.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Empire, who currently holds a 72.1% stake in Sobeys, will acquire all rthe emaining shares for C$58 (US$54.34) per share.
The deal was approved by Sobeys shareholders on 9 June and will become effective upon the registration of the court approval with the Nova Scotia Registry of Joint Stock Companies, which Sobeys expects will occur after the close of business tomorrow (15 June).
Sobeys shares will then be delisted from the Toronto Stock Exchange.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
