date:Jul 31, 2014
associated with continued investments in future growth.
On March 28, 2014, Loblaw acquired all of the outstanding shares of Shoppers Drug Mart as described in the Acquisition of Shoppers Drug Mart Corporation section of this News Release. As part of the acquisition, there were a number of acquisition related accounting adjustments that had a negative impact on the Company's results, including the recognition of the fair value increment on the acquired Shoppers Drug Mart inventory sold of $622 m