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Metro Inc (MRU.TO)

MRU.TO on Toronto Stock Exchange

43.38CAD
1:30am IST
Change (% chg)

$0.20 (+0.46%)
Prev Close
$43.18
Open
$43.14
Day's High
$43.50
Day's Low
$43.14
Volume
403,707
Avg. Vol
543,417
52-wk High
$46.47
52-wk Low
$38.32

Latest Key Developments (Source: Significant Developments)

Metro Prices Aggregate C$1.2 Bln Senior Unsecured Notes Offering
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Metro Inc ::METRO INC. PRICES AGGREGATE C$1.2 BILLION SENIOR UNSECURED NOTES OFFERING.  Full Article

Metro reports Q4 earnings C$0.66/shr
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Metro Inc :Metro reports 2017 fourth quarter results.Q4 earnings per share C$0.66.Q4 sales C$3.228 billion versus I/B/E/S view C$3.15 billion.Q4 same store sales rose 0.4 percent.Q4 earnings per share view C$0.66 -- Thomson Reuters I/B/E/S.  Full Article

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 INC DECLARES ‍QTRLY DIVIDEND OF $0.1625 PER COMMON SHARE​
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Metro Inc ::METRO INC - ‍QTRLY DIVIDEND OF $ 0.1625 PER COMMON SHARE, PAYABLE ON NOVEMBER 14, 2017​.METRO INC - ‍QUARTERLY DIVIDEND REPRESENTS AN INCREASE OF 16.1 % OVER SAME QUARTER LAST YEAR​.  Full Article

Metro to acquire the Jean Coutu Group Inc for $4.5 bln
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Metro Inc : :Metro Inc to acquire the Jean Coutu Group (PJC) Inc for $4.5 billion.Metro Inc - ‍$75 million in expected synergies within three years from deal​.Metro Inc - ‍two jean coutu group nominees will join metro's board of directors​.Metro Inc - to buy all outstanding Jean Coutu class a subordinate voting shares, Jean Coutu group class B shares for $24.50/Jean Coutu Group share​.Metro Inc - ‍combined business will have an overall network of more than 1,300 stores in Canada​.Metro Inc - ‍under terms of transaction, Jean Coutu Group shareholders to get consideration which will consist 75% in cash, 25% in Metro common shares​.Metro Inc - ‍combination expected to be accretive to metro eps (adjusted for intangible amortization from combination) and to free cash flow per share​.Metro - ‍jean Coutu shareholders to get either $24.50 in cash or 0.61006 share of co for each Jean Coutu share held, subject in each case to pro ration​.Metro Inc - ‍metro intends to reduce committed bank facilities through permanent financing and sale of certain assets​.Metro inc - ‍giving full effect to pro ration, consideration of each jean coutu group share represents $18.38 in cash and 0.15251 common share of metro​.Metro inc - ‍termination fee of $135 million payable to metro in certain circumstances​.Metro inc - ‍metro has access to aggregate committed bank facilities of $3.4 billion to finance cash portion of transaction consideration​.  Full Article

Metro Inc Q3 earnings per share C$0.78
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Metro Inc :Metro reports 2017 third quarter results.Q3 earnings per share C$0.78.Q3 sales C$4.073 billion versus I/B/E/S view c$4.05 billion.Q3 same store sales fell 0.2 percent.Q3 earnings per share view C$0.79 -- Thomson Reuters I/B/E/S.Estimate impact of increase in minimum wage recently announced in Ontario to be approximately $45 to $50 million on an annualized basis for 2018.  Full Article

Metro Inc agrees to acquire majority interest in MissFresh Inc.
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Metro Inc :Has signed a definitive agreement to acquire a majority interest in MissFresh Inc.MissFresh's three co-founders will retain 30 percent of capital and continue to take an active part in company's management with existing team.  Full Article

METRO Q2 earnings per share C$0.56
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Metro Inc ::Metro reports 2017 second quarter results.Q2 earnings per share C$0.56.Q2 sales rose 0.7 percent to c$2.902 billion.Q2 same store sales rose 0.3 percent.Q2 earnings per share view C$0.55 -- Thomson Reuters I/B/E/S.Metro Inc - declared a quarterly dividend of $0.1625 per common share , an increase of 16.1% over dividend declared for same quarter last year.  Full Article

UPDATE 3-Metro seeks Russia revamp through bulk discount shift

* Shares fall 3 pct (Recasts, adds analyst comment, details on Russia)