Sept 4 (Reuters) - George Weston Ltd WN.TO :
* LOBLAW TO SPIN OUT ITS INTEREST IN CHOICE PROPERTIES REIT
* LOBLAW - MINORITY SHAREHOLDERS TO RECEIVE GWL SHARES IN EXCHANGE FOR THEIR INTEREST IN CHOICE PROPERTIES
* LOBLAW - GWL BECOMES 65% UNITHOLDER OF CHOICE PROPERTIES
* LOBLAW COMPANIES LTD - LOBLAW WILL SPIN OUT ITS 61.6% INTEREST IN CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST
* LOBLAW COMPANIES - PLANS TO MAINTAIN ITS CURRENT QUARTERLY COMMON SHARE DIVIDEND AFTER SPIN-OUT
* LOBLAW - SPIN-OUT TO BE COMPLETED ON A TAX-FREE BASIS FOR LOBLAW AND ITS CANADIAN SHAREHOLDERS
* LOBLAW COMPANIES - GWL PLANS TO RAISE ITS QUARTERLY COMMON SHARE DIVIDEND BY 5% TO $0.515 PER SHARE, CONTINGENT ON CLOSING OF TRANSACTION
* LOBLAW - LOBLAW COMMON SHAREHOLDERS OTHER THAN GWL WILL RECEIVE 0.135 OF A GWL COMMON SHARE PER LOBLAW SHARE
* LOBLAW COMPANIES LTD - UNDER TERMS, GWL WILL ISSUE APPROXIMATELY 26.7 MILLION COMMON SHARES TO LOBLAW MINORITY SHAREHOLDERS
* LOBLAW COMPANIES LTD - LOBLAW MINORITY SHAREHOLDERS WILL OWN 16.8% OF GWL COMMON SHARES OUTSTANDING ON CLOSING OF TRANSACTION
* LOBLAW - ALL CURRENT AGREEMENTS AND ARRANGEMENTS WITH CHOICE PROPERTIES WILL REMAIN IN PLACE AFTER SPIN-OUT
* LOBLAW - WILL CONTINUE TO BE CHOICE PROPERTIES' LARGEST TENANT