Thursday, June 13, 2013

Empire Company Limited - EMP.a.t

Empire Company Limited - EMP.a.t is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses include food retailing and corporate investment activities.

Net earnings in 2012, net of minority interest, was $75.2 million ($1.11 per diluted share.)

On June 12, 2013 the company released News

Empire Company Limited (“Empire” or the “Company”) (TSX: EMP.A) and its wholly-owned subsidiary, Sobeys Inc. (“Sobeys”), have announced that Sobeys has reached a definitive agreement with Safeway Inc. to acquire substantially all of the assets of Canada Safeway Limited (“Canada Safeway”) for a cash purchase price of Cdn. $5.8 billion, subject to a working capital adjustment, plus the assumption of certain liabilities.