Loblaw to buy most of Zeller's prescription files
(Craig Robertson/QMI Agency)
Canada’s largest food retailer, Loblaw Companies Ltd, has agreed to buy most of discount retailer Zellers Inc’s prescription files for $35 million US.
Loblaw, which has about 500 pharmacies across the country, will cater to patients with prescription files from 95 Zellers pharmacies, except in British Colombia and Quebec.
Shares of Loblaw, a unit of George Weston Ltd, were up about 1% at $33.61 on Friday afternoon on the Toronto Stock Exchange.