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Metro's $4.5B acquisition

from The Produce News

Metro Inc. and The Jean Coutu Group Inc. have entered into a definitive combination agreement pursuant to which Metro will acquire shares of Jean Coutu for approximately $4.5 billion, subject to regulatory and Jean Coutu Group shareholder approvals. The combined business will have an overall network of more than 1,300 stores in Canada. Post-combination, Metro expects to generate approximately $16 billion in revenue. more

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