|Bid||0.000000 x 0|
|Ask||0.000000 x 0|
|Day's range||0.000000 - 0.000000|
|PE ratio (TTM)||17.04|
|Forward Dividend & Yield||0.52 (1.55%)|
|1y target est||N/A|
The lab coat was gone and so were the angry tirades at the Quebec government. When Jean Coutu appeared before reporters Monday to announce the sale of his eponymous pharmacy chain, he was all jokes and business rationale, sporting a dark suit and red tie. The C$4.5 billion ($3.6 billion) sale to grocer Metro Inc. marks the end of an era for Coutu and his family, which started the business in 1969 with a single store in Montreal.
Canadian grocery giant Metro plans to buy drug store chain Jean Coutu for $3.6 billion, creating a network of grocery stores and pharmacies with 1,300 locations.
Canadian grocer Metro Inc. pledged to sell assets to reduce its financing needs and retain its credit rating as part of a C$4.5 billion ($3.6 billion) purchase of pharmacy chain Jean Coutu Group Inc.