Loblaw to Acquire 17-Store Asian Chain

Loblaw Cos. said Friday it has entered an agreement with T&T Supermarket — Canada's largest Asian food retailer — to acquire all common shares of the 17-store chain for $225 million ($207.5 million U.S.).

TORONTO — Loblaw Cos. here said Friday it has entered an agreement with T&T Supermarket — Canada's largest Asian food retailer — to acquire all common shares of the 17-store chain for $225 million ($207.5 million U.S.).

The price will include $191 million, or 85%, in cash and 15% in preferred shares issued by T&T, whose value will be tied to the future performance of the business, the companies said.

T&T, based in Richmond, British Columbia, operates stores

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