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Canadian grocer Metro will sell assets in its $3.6 billion deal for drugstore chain Jean Coutu

(Bloomberg)—Canadian grocer Metro Inc. pledged to sell some 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% premium to Jean Coutu’s […]

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