Dive Summary:
- Empire Co., parent company of Sobey's, one of the Canada's largest grocers, said on Wednesday that it had reached a deal to buy Safeway Canada.
- The deal to acquire the Safeway's Canadian arm is said to be worth $5.7 billion.
From the article:
Empire Company Ltd (EMPa.TO), parent of Canada's No. 2 grocer Sobey's, said on Wednesday it is acquiring the Canadian arm of Safeway Inc. (SWY.N) for C$5.8 billion ($5.70 billion) in cash.
