The completion of the transaction is subject to normal closing conditions, including the approval of Canada’s Competition Bureau. Subject to the satisfaction of the closing conditions, the parties expect to close the transaction on or about Nov. 24.
George Weston Ltd. is a Canadian public company founded in 1882 and through its operating subsidiaries constitutes one of North America’s largest food processing and distribution groups. Weston has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Cos. Ltd. The Weston Foods operating segment is primarily engaged in the baking industry within North America. Loblaw is Canada's largest food distributor and a leading provider of general merchandise, drugstore and financial products and services.