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Metro Inc (MRU.TO)

MRU.TO on Toronto Stock Exchange

41.44CAD
12:36am IST
Change (% chg)

$0.26 (+0.63%)
Prev Close
$41.18
Open
$41.20
Day's High
$41.78
Day's Low
$41.15
Volume
204,845
Avg. Vol
528,971
52-wk High
$47.41
52-wk Low
$38.00

Latest Key Developments (Source: Significant Developments)

Alimentation Couche-Tard intends to repurchase 4.4 mln of shares held by Metro
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - Alimentation Couche Tard Inc ::Alimentation Couche-Tard announces its intention to repurchase 4.4 million of its shares held by Metro.Says ‍value of transaction is estimated at C$250 million​.Says‍ repurchase to be paid using available cash,revolving credit facilities, proceeds from future sale of non-strategic assets​.Says‍ transaction was approved by members of Couche-Tard's board of directors​.  Full Article

Metro enters agreements to sell majority of its holding in Alimentation Couche-Tard
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - Metro Inc ::Metro enters into agreements to sell the majority of its holding in alimentation Couche-Tard.Says co's unit to sell to dealers 11.4 million class B subordinate voting shares of Couche-Tard for proceeds of about $650 million .Says Metro Holdings has agreed to sell to dealers 11.4 million class B subordinate voting shares of Couche-Tard at a price per share of $57.17​.Says ‍after tax net proceeds will be used to finance previously announced business combination with Le Groupe Jean Coutu (PJC) Inc (Jean Coutu).Says Metro Holdings entered deal with Couche-Tard for repurchase for cancellation 4.4 million class B multiple voting shares of Couche-Tard at $57.17per share​.Says ‍co's unit to sell to Caisse De Dépôt Et Placements Du Québec 11.4 million class A multiple voting shares of Couche-Tard at $57.17​/share.Says following sales, repurchase, Metro Holdings to have about 3.9% of issued, outstanding class A multiple voting shares in capital of Couche-Tard​.Says ‍after tax net proceeds to be used to finance combination with Le Groupe Jean Coutu, reduce Metro's committed bank facilities​.  Full Article

Metro announces $400-mln investment in its Ontario distribution network
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Metro Inc : :Metro announces $400-million investment in its Ontario distribution network.Metro - ‍will modernize operations in Toronto between 2018 and 2023 by building new fresh distribution facility and new frozen distribution facility​.Metro - ‍decision to automate part of distribution network will result in loss of about 180 full-time, 100 part-time positions starting in 2021​.  Full Article

Metro reports Q3 earnings per share C$0.72
Friday, 12 Aug 2016 

Metro Inc : Metro reports 2016 third-quarter results . Q3 sales C$4.015 billion versus I/B/E/S view C$3.99 billion . Q3 earnings per share view C$0.73 -- Thomson Reuters I/B/E/S . Q3 earnings per share C$0.72 .Q3 same store sales rose 3.9 percent.  Full Article

Metro, Ceconomy CEOs in suspected market manipulation probe

DUESSELDORF, Germany, Nov 12 The chief executives of Germany's Metro and Ceconomy are among those being investigated by prosecutors for suspected market manipulation in 2016 ahead of a split of the retail group into two, a company spokesman said on Sunday.