TORONTO AND CALGARY, Aug. 25, 2011 /CNW/ - Canadian Tire Corporation,
Limited (TSX: CTC, TSX: CTC.a) announced today that its wholly-owned
subsidiary FGL AcquisitionCo Limited (the "Offeror") has successfully
acquired the 905,853 remaining Class "A" shares ("Common Shares") of
The Forzani Group Ltd. (TSX:FGL) ("Forzani") not already owned by the
Offeror and its affiliates, representing approximately 3% of the issued
and outstanding Common Shares, pursuant to a compulsory acquisition
carried out under the provisions of the Business Corporations Act (Alberta) following its previously announced successful take-over bid.
As a result of the acquisition of such shares, the Offeror now owns
100% of the issued and outstanding Common Shares of Forzani.
The Common Shares of Forzani have been de-listed from the Toronto Stock
Exchange, and Forzani has applied to all relevant securities
commissions to cease to be a reporting issuer in all applicable
jurisdictions in Canada.
ABOUT CANADIAN TIRE
Canadian Tire Corporation, Limited (TSX:CTC.a) (TSX:CTC) is one of
Canada's most-shopped general retailers and the country's largest
sporting goods retailer, with more than 1,700 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, retail deposits, in-store
financing, product warranties, and insurance. Nearly 68,000 people are
employed across the Canadian Tire enterprise, which was founded in 1922
and remains one of Canada's most recognized and trusted brands.
SOURCE CANADIAN TIRE CORPORATION, LIMITED
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