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Shareholders OK Plan for Empire to Acquire All Common Shares of Sobeys
STELLARTON, N.S. -- Sobeys, Inc. here and Empire Co., Ltd. said Saturday that Sobeys' shareholders have approved the plan of arrangement under which Empire will acquire all of the outstanding common shares of Sobeys that it doesn't now own, for CAN $58 (US $55) per share, thus taking the Canadian food retailer private.