Key Developments: Metro Inc (MTRAF.PK)
68.71USD
18 Jun 2013
$-0.44 (-0.64%)
$69.15
$68.71
$68.71
$68.71
2,500
1,484
$71.47
$48.81
Latest Key Developments (Source: Significant Developments)
METRO INC Declares Quarterly Dividend
METRO INC announced that the Board of Directors have declared a quarterly dividend of $0.25 per Common Share payable June 14, 2013. Full Article
METRO INC Declares Quarterly Dividend
METRO INC announced that on January 28, 2013, the Board of Directors declared a quarterly dividend of $0.25 per share on Ordinary Shares, payable on March 15, 2013 to shareholders of record as at February 19, 2013. This quarterly dividend represents an increase of 16.3 % over the same quarter last year. Full Article
METRO INC To Sell Part Of Alimentation Couche-Tard Inc's Stake-Reuters
Reuters reported that METRO INC said it would sell nearly half of its stake in Alimentation Couche-Tard Inc for CAD479 million ($482 million). Metro will sell 48.2% of its Couche-Tard stake to BMO Nesbitt Burns Inc, National Bank Financial and TD Securities Inc at CAD47.90 a share. Couche-Tard closed at CAD48.98 on the Toronto Stock Exchange on January 22, 2013. Following the sale Metro will still have a 5.7% economic interest and a 17.0% voting interest in the company. Full Article
METRO INC Declares Quarterly Dividend
METRO INC announced that on September 25, 2012, the Board of Directors declared a quarterly dividend of $ 0.215 per share on Common Shares, payable on November 21, 2012 to shareholders of record as at November 1st, 2012. Full Article
METRO INC Renews Share Buyback Program
METRO INC announced that it has renewed its normal course issuer bid program and that such renewal has been approved by the Toronto Stock Exchange. The Corporation decided to renew the issuer bid program as an additional option for using excess funds. Thus, the Corporation will be able to repurchase, in the normal course of business, between September 10, 2012 and September 9, 2013, up to 6,000,000 of its Common Shares representing approximately 9.4% of its outstanding public float on August 31, 2012. On August 31, 2012, there were 97,444,401 issued and outstanding shares of which 63,934,634 were part of the outstanding public float of the Corporation. Under the existing normal course issuer bid program, which is for the period from September 8, 2011 to September 7, 2012, the Corporation repurchased 4,239,800 Common Shares at a weighted average price of $ 50.99 per share for a total of $216,174,600. Full Article
METRO INC Declares Quarterly Dividend
METRO INC announced that its Board of Directors declared a quarterly dividend of $0.215 per Common Share payable on September 13, 2012. Full Article
Metro Inc. Appoints François Thibault As Chief Financial Officer
Metro Inc. announced the appointment of François Thibault, CFA as Senior Vice-president and Chief Financial Officer. The appointment is effective August 1, 2012. Full Article
Metro Inc. Declares Quarterly Dividend
Metro Inc. announced that on April 17, 2012, the Corporation's Board of Directors declared a quarterly dividend of $0.215 per Common Share payable June 8, 2012, an increase of 11.7% over the dividend declared for the same quarter last year. On an annualized basis, this dividend represents approximately 22% of 2011 net earnings. Full Article
Metro Inc.'s Metro Ontario Inc., Acquires Pharmacy Business From Seven Locations In Zellers Pharmacy Network In Ontario
Metro Ontario Inc., a subsidiary of Metro Inc. announced the acquisition of the pharmacy business including prescription files from seven Zellers pharmacies in Ontario. Metro will ensure continuity of care for Zellers' pharmacy customers through a seamless transition process. The acquisition includes Zellers pharmacies in Hamilton, London, Mississauga, Sudbury, Collingwood, and two in Brampton. With a local Metro or Food Basics store already operating in each of these communities, Zellers' pharmacy customers will be a few steps away from their new Pharmacists and Pharmacy Team. Terms of the transaction were not disclosed. Full Article
Metro Inc. Announces Resignation of Chief Financial Officer
Metro Inc. announced that Mr. Richard Dufresne , Senior Vice-President, Chief Financial Officer and Treasurer, resigned today to accept a position with another organization. Full Article
UPDATE 2-Metro profit triples on stake sale, warns of competition
* First-quarter includes after-tax one-time gain of C$266.4 mln
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
