February 12, 2018 by Geoff Walden and Chain Drug Review
Canadian generic drug prices, Canadian Generic Pharmaceutical Association, Canadian Pharmaceutical Alliance, Desjardins Capital Markets, Eric La Flèche, Keith Howlett, Loblaw, lower generic drug prices, Metro Inc., Richard Dufresne, Shoppers Drug Mart
2018, Issue 02-12-2018, Issues, Leading Headlines, News, Pharmacy, Retail News
TORONTO — Pharmacy operators across Canada will be hit hard by lower generic drug prices set to take effect this spring, said Metro Inc. chief executive officer Eric La Fleche. The pan-Canadian Pharmaceutical Alliance — which represents the provincial, territorial and federal governments — and the Canadian Generic Pharmaceutical Association announced late last month that
January 30, 2018 by Chain Drug Review
Alimentation Couche-Tard, Brunet, Eric La Flèche, François Coutu, Jean Coutu acquisition, Jean Coutu Group, McMahon Distributeur Pharmaceutique, Metro Inc.
Business, Leading Headlines, Retail News
MONTREAL — Metro Inc. has wrapped up financing for its $4.5 billion (Canadian) deal to acquire the Jean Coutu Group. The Canadian food and drug retailer updated the status of the Jean Coutu acquisition on Tuesday in reporting its fiscal 2018 first-quarter results. Metro said sales rose 4.7% year over year to $3.11 billion, while
January 11, 2018 by Chain Drug Review
François Coutu, Jean Coutu Group, Jean Coutu-Metro merger, Metro Inc.
Business, Featured Articles, Leading Headlines, Retail News
VARENNES, Quebec — Retail network sales rose in the fiscal 2018 third quarter at the Jean Coutu Group, which posted declined corporate sales and earnings. On Thursday, the company also reaffirmed the closing timetable for its acquisition by Canadian food and drug retailer Metro Inc. The $4.5 billion (Canadian) Jean Coutu-Metro merger transaction, announced in
December 11, 2017 by Bill Schiffner
François Coutu, Jean Coutu, Jean Coutu Group, Jean Coutu-Metro merger, McMahon Distributeur Pharmaceutique, Metro Inc.
2017, Issue 12-11-2017, Issues, News
MONTREAL — Jean Coutu Group shareholders have overwhelmingly approved the sale of the pharmacy chain to fellow Quebec retailer Metro Inc. A near-unanimous 99.9% of votes cast sanctioned the $4.5 billion transaction, which was well above the two-thirds requirement. Shareholders of Coutu are being offered a combination of cash and stock worth about $24.50 per
November 29, 2017 by Chain Drug Review
Brunet, François Coutu, Jean Coutu, Jean Coutu acquisition, Jean Coutu Group, McMahon Distributeur Pharmaceutique, Metro Inc.
Business, Leading Headlines, Retail News
MONTREAL — Jean Coutu Group shareholders have overwhelmingly approved the planned sale of the pharmacy chain to Quebec food and drug retailer Metro Inc. Jean Coutu said Wednesday that a near-unanimous 99.9% of votes cast sanctioned the $4.5 billion (Canadian) transaction, which was well above the two-thirds requirement. Under the Jean Coutu acquisition deal, the
October 23, 2017 by Geoff Walden and Chain Drug Review
Eric La Flèche, François Coutu, Jean Coutu, Jean Coutu Group, McMahon Distributeur Pharmaceutique, Metro Inc., Metro-Jean Coutu merger
2017, Issue 10-23-2017, Issues, News
MONTREAL — The acquisition of the Jean Coutu Group by Metro Inc. will create a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and News Brunswick. Metro has agreed to purchase Coutu for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.).
September 27, 2017 by Chain Drug Review
Brunet, Jean Coutu Group, Metro Inc., PJC Jean Coutu
Business, Featured Articles, Leading Headlines, Retail News
MONTREAL — The Jean Coutu Group is in advanced negotiations for a potential acquisition by food and drug retailer Metro Inc. Jean Coutu and Metro confirmed the discussions noontime on Wednesday after the Investment Industry Regulatory Organization of Canada (IIROC) said in the morning that trading of shares for both companies had been halted. Under
October 12, 2015 by Geoff Walden and Chain Drug Review
chain drug industry, CVS Health, Empire Co., Express Scripts, Jean Coutu Group, Metro Inc., Rexall Health, Rite Aid, Shoppers Drug Mart, Stefano Pessina, Target Corp., Walgreens Boots Alliance, Walmart
2015, Business, Issue 10-12-2015, Issues, Leading Headlines, News, Retail News
NEW YORK — As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity. Lending credibility to the speculation is none other than Walgreens Boots Alliance (WBA) chief executive