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Michael Medline, who runs one of the biggest grocery chains in Canada, was looking for a place last summer to meet with the head of a rival chain. It was a sensitive meeting about a potential acquisition, so it had to happen someplace where they wouldn’t know anyone.
“We couldn’t, obviously, go to each other’s offices,” said Medline, chief executive of Sobeys’ parent company Empire Co. Ltd., partly because of the pandemic, but mostly because he worried his staff would recognize Anthony Longo, chief executive of the popular southern Ontario chain Longo Brothers Fruit Markets Inc.
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The Daily Chase: Investors wary of Rogers-Shaw deal; one-on-one with Mark Carney VIDEO SIGN OUT
Shares of Shaw Communications closed almost seven dollars below the $40.50 takeover price yesterday as investors signaled apprehension about the long and daunting road ahead for closing the deal with Rogers. And itâs easy to understand why after we heard former Wind Mobile CEO Anthony Lacavera flatly stated in his conversation with Greg Bonnell during The Close yesterday that âthis is really bad for the consumer â short, medium and long-term.â Shortly before that, former Industry Minister Tony Clement said governments have faced a âconstant problemâ in ensuring wireless spectrum auctions are structured to ensure lasting, sustainable competition. Weâll continue to probe those and other important issues surrounding this transaction.