Osler on Target's $1.85 Billion Canada Buy

Heather McKean

Jan 14, 2011

by Brian Baxter, The AmLaw Daily

Target Corporation, the second-largest retailer in the U.S. behind Wal-Mart, announced on Thursday that it had agreed to buy leases on up to 220 stores in Canada for $1.85 billion, Bloomberg reports. The deal marks the first time in the Minneapolis-based company's history that it will expand outside the U.S.

M&A partner Terrence Burgoyne, real estate partners Heather McKean and Stephen Luff, antitrust partner Michelle Lally, tax partner Monica Biringer, and associates David Forrest, Ilana Cohen, and D'Arcy Schieman from Toronto-based Osler, Hoskin & Harcourt are serving as Canadian counsel to Target.