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Metro Inc in talks to buy Jean Coutu for C$4.50 bln
September 27, 2017 / 4:19 PM / 20 days ago

Metro Inc in talks to buy Jean Coutu for C$4.50 bln

Sept 27 (Reuters) - Canadian drug store chain Jean Coutu Group Inc said on Wednesday it was in talks to be acquired by Metro Inc for about C$4.50 billion ($3.63 billion).

The cash-and-stock offer of C$24.50 per share represents a 6.1 percent premium to Jean Coutu’s Tuesday closing price.

$1 = 1.24 Canadian dollars Reporting by Yashaswini Swamynathan in Bengaluru

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