Jean Coutu acquisition Archives - CDR

Metro completes Jean Coutu acquisition financing

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

Jean Coutu shareholders OK acquisition by Metro

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