Q: With Rexall up for sale, who do you feel could be potential buyers. Do you see NBLY in the bidding with the takeover in play?
5i Research Answer:
This is a tough one. Shoppers is likely too big right now and might be prevented from being a buyer. One of the other grocery retailers such as MRU could be interested, as a competitor to Loblaw (which owns Shoppers). With NBLY considering going private and with the size of Rexall we would not really consider it to be in the running.