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Metro Inc (MRU.TO)

MRU.TO on Toronto Stock Exchange

41.18CAD
17 Nov 2017
Change (% chg)

$-0.06 (-0.15%)
Prev Close
$41.24
Open
$41.26
Day's High
$41.53
Day's Low
$40.83
Volume
390,023
Avg. Vol
527,939
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$47.41
52-wk Low
$38.00

Latest Key Developments (Source: Significant Developments)

Alimentation Couche-Tard intends to repurchase 4.4 mln of shares held by Metro
Wednesday, 11 Oct 2017 05:36pm EDT 

Oct 11 (Reuters) - Alimentation Couche Tard Inc ::Alimentation Couche-Tard announces its intention to repurchase 4.4 million of its shares held by Metro.Says ‍value of transaction is estimated at C$250 million​.Says‍ repurchase to be paid using available cash,revolving credit facilities, proceeds from future sale of non-strategic assets​.Says‍ transaction was approved by members of Couche-Tard's board of directors​.  Full Article

Metro enters agreements to sell majority of its holding in Alimentation Couche-Tard
Wednesday, 11 Oct 2017 04:39pm EDT 

Oct 11 (Reuters) - Metro Inc ::Metro enters into agreements to sell the majority of its holding in alimentation Couche-Tard.Says co's unit to sell to dealers 11.4 million class B subordinate voting shares of Couche-Tard for proceeds of about $650 million .Says Metro Holdings has agreed to sell to dealers 11.4 million class B subordinate voting shares of Couche-Tard at a price per share of $57.17​.Says ‍after tax net proceeds will be used to finance previously announced business combination with Le Groupe Jean Coutu (PJC) Inc (Jean Coutu).Says Metro Holdings entered deal with Couche-Tard for repurchase for cancellation 4.4 million class B multiple voting shares of Couche-Tard at $57.17per share​.Says ‍co's unit to sell to Caisse De Dépôt Et Placements Du Québec 11.4 million class A multiple voting shares of Couche-Tard at $57.17​/share.Says following sales, repurchase, Metro Holdings to have about 3.9% of issued, outstanding class A multiple voting shares in capital of Couche-Tard​.Says ‍after tax net proceeds to be used to finance combination with Le Groupe Jean Coutu, reduce Metro's committed bank facilities​.  Full Article

Metro announces $400-mln investment in its Ontario distribution network
Wednesday, 11 Oct 2017 08:55am EDT 

Oct 11 (Reuters) - Metro Inc : :Metro announces $400-million investment in its Ontario distribution network.Metro - ‍will modernize operations in Toronto between 2018 and 2023 by building new fresh distribution facility and new frozen distribution facility​.Metro - ‍decision to automate part of distribution network will result in loss of about 180 full-time, 100 part-time positions starting in 2021​.  Full Article

METRO INC DECLARES ‍QTRLY DIVIDEND OF $0.1625 PER COMMON SHARE​
Monday, 2 Oct 2017 09:07am EDT 

Oct 2 (Reuters) - Metro Inc ::METRO INC - ‍QTRLY DIVIDEND OF $ 0.1625 PER COMMON SHARE, PAYABLE ON NOVEMBER 14, 2017​.METRO INC - ‍QUARTERLY DIVIDEND REPRESENTS AN INCREASE OF 16.1 % OVER SAME QUARTER LAST YEAR​.  Full Article

Metro to acquire the Jean Coutu Group Inc for $4.5 bln
Monday, 2 Oct 2017 06:00am EDT 

Oct 2 (Reuters) - Metro Inc : :Metro Inc to acquire the Jean Coutu Group (PJC) Inc for $4.5 billion.Metro Inc - ‍$75 million in expected synergies within three years from deal​.Metro Inc - ‍two jean coutu group nominees will join metro's board of directors​.Metro Inc - to buy all outstanding Jean Coutu class a subordinate voting shares, Jean Coutu group class B shares for $24.50/Jean Coutu Group share​.Metro Inc - ‍combined business will have an overall network of more than 1,300 stores in Canada​.Metro Inc - ‍under terms of transaction, Jean Coutu Group shareholders to get consideration which will consist 75% in cash, 25% in Metro common shares​.Metro Inc - ‍combination expected to be accretive to metro eps (adjusted for intangible amortization from combination) and to free cash flow per share​.Metro - ‍jean Coutu shareholders to get either $24.50 in cash or 0.61006 share of co for each Jean Coutu share held, subject in each case to pro ration​.Metro Inc - ‍metro intends to reduce committed bank facilities through permanent financing and sale of certain assets​.Metro inc - ‍giving full effect to pro ration, consideration of each jean coutu group share represents $18.38 in cash and 0.15251 common share of metro​.Metro inc - ‍termination fee of $135 million payable to metro in certain circumstances​.Metro inc - ‍metro has access to aggregate committed bank facilities of $3.4 billion to finance cash portion of transaction consideration​.  Full Article

Metro Inc Q3 earnings per share C$0.78
Tuesday, 15 Aug 2017 07:00am EDT 

Aug 15 (Reuters) - Metro Inc :Metro reports 2017 third quarter results.Q3 earnings per share C$0.78.Q3 sales C$4.073 billion versus I/B/E/S view c$4.05 billion.Q3 same store sales fell 0.2 percent.Q3 earnings per share view C$0.79 -- Thomson Reuters I/B/E/S.Estimate impact of increase in minimum wage recently announced in Ontario to be approximately $45 to $50 million on an annualized basis for 2018.  Full Article

Metro Inc agrees to acquire majority interest in MissFresh Inc.
Tuesday, 1 Aug 2017 09:20am EDT 

Aug 1 (Reuters) - Metro Inc :Has signed a definitive agreement to acquire a majority interest in MissFresh Inc.MissFresh's three co-founders will retain 30 percent of capital and continue to take an active part in company's management with existing team.  Full Article

METRO Q2 earnings per share C$0.56
Tuesday, 25 Apr 2017 07:21am EDT 

April 25 (Reuters) - Metro Inc ::Metro reports 2017 second quarter results.Q2 earnings per share C$0.56.Q2 sales rose 0.7 percent to c$2.902 billion.Q2 same store sales rose 0.3 percent.Q2 earnings per share view C$0.55 -- Thomson Reuters I/B/E/S.Metro Inc - declared a quarterly dividend of $0.1625 per common share , an increase of 16.1% over dividend declared for same quarter last year.  Full Article

Metro Q1 same store sales rose 0.7 percent
Tuesday, 24 Jan 2017 07:00am EST 

Metro Inc : Metro reports 2017 first quarter results . Q1 earnings per share C$0.58 . Q1 sales C$2.971 billion versus I/B/E/S view C$3.01 billion . Q1 same store sales rose 0.7 percent . Q1 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S .Qtrly fully diluted net earnings per share of $0.58.  Full Article

Metro reports Q3 earnings per share C$0.72
Friday, 12 Aug 2016 07:00am EDT 

Metro Inc : Metro reports 2016 third-quarter results . Q3 sales C$4.015 billion versus I/B/E/S view C$3.99 billion . Q3 earnings per share view C$0.73 -- Thomson Reuters I/B/E/S . Q3 earnings per share C$0.72 .Q3 same store sales rose 3.9 percent.  Full Article

Metro, Ceconomy CEOs in suspected market manipulation probe

DUESSELDORF, Germany, Nov 12 The chief executives of Germany's Metro and Ceconomy are among those being investigated by prosecutors for suspected market manipulation in 2016 ahead of a split of the retail group into two, a company spokesman said on Sunday.