Business
George Weston Limited - Completion of Private Placement
George Weston Limited announces purchase of additional $500 million in Loblaw Companies ...
About this update from George Weston Limited
[{"type":"text","content":"\n\n\nGeorge Weston Limited announces purchase of additional $500 million in\n Loblaw Companies Limited common shares used to finance a portion of\n Loblaw's acquisition of Shoppers Drug Mart Corporation\n\n\nTORONTO, March 28, 2014 /CNW/ - George Weston Limited (TSX: WN) today\n announced it has completed its subscription for 10,515,247 Loblaw\n Companies Limited common shares valued at $500 million as of July 12,\n 2013. Proceeds from the private placement were used to finance a\n portion of the cash consideration paid by Loblaw as part of its\n acquisition of Shoppers Drug Mart Corporation, which was also completed\n today.\n\n\nAbout George Weston Limited\n\n\nGeorge Weston Limited is a Canadian public company founded in 1882 and\n constitutes one of North America's largest food processing and\n distribution groups. George Weston Limited has two reportable operating\n segments: Weston Foods and Loblaw, which is operated by Loblaw\n Companies Limited. The Weston Foods operating segment is primarily\n engaged in the baking industry within North America. Loblaw Companies\n Limited is Canada's food and pharmacy leader, the nation's largest\n retailer, and the majority unit holder of Choice Properties Real Estate\n Investment Trust.\n\n\nSOURCE George Weston Limited\n\n\n\n Geoffrey H. Wilson, Senior Vice President, Investor Relations, Business Intelligence and Communications (416) 922-2500 Copyright CNW Group 2014","length":2090,"tagName":"div"}]