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Shoppers Drug Mart Shareholders Approve Plan Of Arrangement With Loblaw Companies Limited

This news releases contains forward-looking statements concerning the expected completion date of the Arrangement. There can be no assurance that the Arrangement will occur or that the anticipated strategic benefits and operational, competitive and cost synergies will be realized. The Arrangement is subject to various regulatory approvals, including approvals under the Competition Act ( Canada) and by the TSX, and the fulfillment of certain conditions, and there can be no assurance that any such approvals will be obtained and/or any such conditions will be met. The Arrangement could be modified, restructured or terminated.

Readers are cautioned that the foregoing list of factors is not exhaustive. Other risks and uncertainties not presently known to Shoppers Drug Mart or that Shoppers Drug Mart presently believe are not material could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. Additional information on these and other factors that could affect the operations or financial results of Shoppers Drug Mart are included in reports filed by Shoppers Drug Mart with applicable securities regulatory authorities and may be accessed through the SEDAR website ( www.sedar.com).

Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Shoppers Drug Mart's expectations only as of the date of this news release. Shoppers Drug Mart disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Shoppers Drug Mart Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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