Metro grocery chain acquires Jean Coutu pharmacies for $4.5 billion

Metro Inc. (TSX:MRU) confirmed Monday morning that it has acquired the Jean Coutu Group pharmacy chain for $4.5 billion.
The acquisition follows an announcement last week by Metro that it was “engaged in exclusive discussions” regarding a merger with Quebec-based pharmacy chain.
Metro announced Wednesday the pair are discussing a deal in which it would acquire Jean Coutu at a price of $24.50 per share, to be paid 75 per cent in cash and 25 per cent in shares.
This price was establish