Fruit Fantastics

Perishable Pundit
  Home | About | Archives | Sponsorship | Contact Us | Submit / Suggest
  Retail & Foodservice rss  
   Metro To Sell Assets To Fund $3.6 Billion Coutu Purchase
by Tom Lavell and Sandrine Rastello, Bloomberg
Posted: Monday, October 2, 2017 at 3:33PM EDT

Expedia coupon code 2017 Hilton coupon codes Premier Inn offers Mankind Voucher Codes

Canadian grocer Metro Inc. pledged to sell assets to reduce its financing needs and retain its credit rating as part of a C$4.5 billion ($3.6 billion) purchase of pharmacy chain Jean Coutu Group Inc.

Metro will pay C$24.50 a share in cash and stock for Jean Coutu, about a 6.1 percent premium to Jean Coutu’s price before the two companies announced advanced talks last week. The grocer said Monday it has access to C$3.4 billion in bank credit lines to finance the deal.

“Bringing together our two highly respected and long-standing Quebec brands represents an exciting milestone,” Chairman Jean Coutu said in the statement Monday. 

To read the rest of the story, please go to: Bloomberg

Marks and Spencer discount code Marks and Spencer food M&S offers Marks and Spencer clothes Voucher Code

print article
Print Article
send article
Send Article
Share Article
Share Article

Bakery Dairy Deli Floral  Meat & Poultry Produce Seafood Retail & Foodsvc
 Family Favorites  Wildwood Organics  Walkers Oatcakes  Snack Cheese - Cheddar    

mail to friend

Got News? Send your latest press releases and announcements to