A court in Canada has given Empire’s proposed takeover of local retailer Sobeys the green light.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


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.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now