10:07 AM EST - The Forzani Group Ltd. : and Canadian Tire Corporation, Limited announced today that Canadian Tire's wholly-owned subsidiary, FGL AcquisitionCo Limited, has received a letter from the Competition Bureau indicating it does not intend to take any action with respect to Canadian Tire's acquisition of all the Class "A" shares of Forzani at this time. The communication from the Competition Bureau enables Canadian Tire to conclude the Forzani transaction. In addition, Forzani has obtained all other third party consents required by the terms of the Offer. The Offeror is offering $26.50 per Common Share in cash. The transaction was announced on May 9. The Forzani Group Ltd.
shares T.FGL are trading up $0.18 at $26.46.
