The Jean Coutu Group (PJC) Inc. (TSX: PJC.A) and METRO Inc. (TSX: MRU) have announced today that they are engaged in exclusive discussions regarding a combination agreement through which the shares of the Jean Coutu Group would be acquired by METRO at a price of $24.50 per share, payable through a combination of cash, as to 75% of the consideration, and METRO shares, as to 25% of the consideration. This price was established in the course of negotiations between the parties preceding the execution of a non binding letter of intent dated August 22, 2017. The Coutu family has indicated its intention to support the proposed transaction. Read more
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The Jean Coutu Group (PJC) Inc. and METRO Inc. confirm they are engaged in advanced discussions regarding a possible combination transaction
September 28 2017
