Empire Company (EMP) has notable insider buying

Empire Company (T:EMP)

Michael Bennett Medline, CEO and Director, acquired 12,835 Non-Voting Shares Class A on an indirect ownership basis for registered holder 2436212 Ontario Limited at a price of $23.390 through the public market on October 22nd, 2018. This represents a $300,211 investment into the company's shares and an account share holdings change of 47.2%.

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company's segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores, as well as more than 350 retail fuel locations. The Company's Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P. and The Fraipont Partnership (collectively, Genstar).