Jean Coutu Group

Metro acquires Jean Coutu Group

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The acquisition of Coutu by Metro Inc. will establish a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and New Brunswick. Metro has agreed to purchase Coutu for $24.50

Jean Coutu in talks to be acquired by Metro

Jean Coutu in talks to be acquired by Metro

MONTREAL — The Jean Coutu Group is in advanced negotiations for a potential acquisition by food and drug retailer Metro Inc. Jean Coutu and Metro confirmed the discussions noontime on Wednesday after the Investment Industry Regulatory Organization of Canada (IIROC) said in the morning that trading of shares for both companies had been halted. Under