TORONTO, May 9 /CNW/ -
| WHAT: | Canadian Tire Corporation, Limited (CTC, CTC.A), ("the Company") today announced an all cash bid for the outstanding shares of Canadian sporting goods retailer The Forzani Group Ltd. (FGL), at a price of $26.50 per share. | |
| This morning, the Company will hold a press conference to discuss details of the proposed transaction. | ||
| WHO: | Stephen G. Wetmore - President and Chief Executive Officer, Canadian Tire Corporation, Limited | |
| Robert Sartor - Chief Executive Officer, The Forzani Group Ltd. | ||
| WHEN: |
May 9, 2011 10:00 A.M. - 10:45 A.M. |
|
| WHERE: |
Hilton Toronto Hotel - The Toronto III Room 145 Richmond Street, West Toronto, Ontario |
FOR MORE INFORMATION on the proposed transaction, please visit canadiansportretail.ca.
ABOUT CANADIAN TIRE CORP.
Canadian Tire Corporation, Limited (TSX:CTC.a) (TSX:CTC) is one of Canada's most-shopped general retailers, offering everyday products and services to Canadians through more than 1,200 retail and gasoline outlets from coast-to-coast. Our primary retail business categories - Automotive, Living, Fixing, Playing and Apparel - are supported and strengthened by our Financial Services division, which offers such products and services as credit cards, in-store financing, product warranties, and insurance. Nearly 57,000 people are employed across the Canadian Tire enterprise, which was founded in 1922 and remains one of Canada's most recognized and trusted brands.
FOR MEDIA INQUIRIES please contact: Mark Cohen, 416-399-7294, mark.cohen@fleishman.ca or Sarah Van Lange, 647-504-4325, Sarah.VanLange@fleishman.ca