Canadian grocer Metro will sell assets in its $3.6 billion deal for drugstore chain Jean Coutu
Bloomberg News
(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 […]