Jean Coutu-Metro merger Archives - CDR

Jean Coutu retail network sales climb in 3Q

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

Shareholders OK sale of Jean Coutu Group

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