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Sobeys, Safeway and a $1.7-billion blunder: How not to handle M&A Add to ...

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They will teach this one in business schools. A dominant East Coast grocer coughs up major dough to acquire a western rival. Hundreds of millions of dollars in synergies are promised. Bay Street falls in love with the potential.

And then, two years into the integration, the buyer unveils a stunning stumble.

Empire haunted by Safeway takeover as it swings to a massive quarterly loss (BNN Video)
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