We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Target Heads North With $1.81B Zellers Purchase

Law360 (January 13, 2011, 1:34 PM EST) -- Target Corp. has announced it plans to shell out CA$1.83 billion (US$1.81 billion) to acquire up to 220 sites from Canadian retailer Zellers Inc., a move the mass merchandiser said will facilitate its expansion into the Canadian market.

Under the terms of the deal announced Wednesday, Minneapolis-based Target will purchase the leasehold interests in the sites, currently operated by Zellers, a unit of Canadian department store owner Hudson's Bay Co. The acquisition will allow the American retail giant to open its first Target stores in Canada...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.