Jean Coutu Group in talks for possible acquisition by METRO Inc.

Montreal, CA, 2017-Oct-03 — /EPR Retail News/ — The Jean Coutu Group (PJC) Inc. (TSX: PJC.A) and METRO Inc. (TSX: MRU) have announced today that they are engaged in exclusive discussions regarding a combination agreement through which the shares of the Jean Coutu Group would be acquired by METRO at a price of $24.50 per share, payable through a combination of cash, as to 75% of the consideration, and METRO shares, as to 25% of the consideration. This price was established in the course of negotiations between the parties preceding the execution of a non binding letter of intent dated August 22, 2017. The Coutu family has indicated its intention to support the proposed transaction.

The transaction remains subject to the negotiation of definitive agreements. Any definitive transaction will be subject to regulatory approvals and other conditions usual in this type of transaction. There are no guarantees that any transaction will be concluded and that the conditions to which it is subject would be met. The Jean Coutu Group and METRO will inform stakeholders and the public of significant developments regarding the proposed combination.

The parties will not comment any further.

This press release contains forward-looking statements that involve risks and uncertainties, and which are based on Metro and the Jean Coutu Group’s current expectations, estimates, projections and assumptions that were made by Metro and the Jean Coutu Group in light of their experience and perception of historical trends. The forward-looking statements in this press release reflect Metro and the Jean Coutu Group’s expectations as of the date hereof and are subject to change after such date. Metro and the Jean Coutu Group expressly disclaim any obligation or intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by the applicable securities laws.

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Sources: Metro Inc.

Hélène Bisson, Vice President, Communications, The Jean Coutu Group (PJC) Inc.
Marie-Claude Bacon, Senior Director, Corporate Affairs Department, METRO Inc.

Metro Inc. to release its 3Q 2017 financial results on August 15th, 2017

Montreal, 2017-Jul-11 — /EPR Retail News/ — Metro Inc. will be releasing its financial results for the Third Quarter of 2017 on August 15th, 2017. This release will be followed by a conference call at 9:00 a.m. EDT.

Mr. Eric R. La Flèche, President & CEO and Mr. François Thibault, Executive Vice President & CFO will hold the conference call intended for investors and financial analysts to review the financial results. This conference call will be followed by a question and answer period and is expected to last approximately 60 minutes.

The analysts and institutional investors are invited to access the conference call, by dialing 647.427.7450 or 1.888.231.8191 (access code 51081346) or via the website by clicking here. The journalists as well as the public may access this conference via a listen mode only. A replay will be available approximately one hour after the call at 1.855.859.2056 (access code 51081346) or via the website by clicking here, until 23:59 EDT on September 14, 2017.

Metro Inc.
With annual sales of over $12 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical distribution in Quebec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

For further information:

Roberto Sbrugnera
Vice President, Treasury, Risks and Investor Relations
Metro Inc.
514 643-1000

Source: Metro Inc.

Metro Inc. to release its Q1 2016 financial results on January 26, 2016

MONTREAL, 2016-01-13 — /EPR Retail News/ — Metro Inc. will be releasing its financial results for the first quarter of 2016 on January 26, 2016. This release will be followed by a conference call at 2:00 p.m. EST.

Mr. Eric R. La Flèche, President & CEO and Mr. François Thibault, Senior Vice President & CFO will hold the conference call intended for investors and financial analysts to review the financial results. This conference call, expected to last approximately 60 minutes, will be followed by a question and answer period.

The analysts and institutional investors are invited to access the conference call, by dialing 647.427.7450 or 1.888.231.8191 (access code 20343292) or via the website by clicking here. The journalists as well as the public may access this conference via a listen mode only. A replay will be available approximately one hour after the call at 1.855.859.2056 (access code 20343292) or via the website by clicking here, until 23:59 EST on February 26, 2016.

Metro Inc.
With annual sales of over $12 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical distribution in Québec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

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Information:
Roberto Sbrugnera
Vice President, Treasury, Risks and Investor Relations
514 643-1000

 

Metro Inc. donates $100,000 to the Canadian Red Cross in response to the government’s commitment to welcome Syrian refugees

Toronto, 2015-12-18 — /EPR Retail News/ — Metro Inc. is pleased to announce that it will donate $100,000 to the Canadian Red Cross.  This donation comes in response to the government’s commitment to welcome Syrian refugees into the country and will support those landing in both Quebec and Ontario by dividing the $100,000 equally between both provinces.

“The acts of solidarity toward the Syrian refugees illustrate our country’s remarkable humanitarian spirit. We feel deep pride and gratitude when partners like Metro help Red Cross volunteers as they show great humanity in welcoming these families who, following a long and difficult journey, can now aspire to a better life” said Conrad Sauvé, President and CEO of the Canadian Red Cross.

The donation will enable the Canadian Red Cross to help refugees begin a new life in their community and provide them with some essential services and basic assistance such as housing, clothing, hygiene products and food.

This most recent donation reflects the values of Metro’s Community Investment Program, through which the company hopes to have a positive impact on the communities that it serves. This includes major food donations made to food banks in Quebec and Ontario every year, as well as its involvement with United Way and many other organizations, particularly those focusing on food access.

Metro Inc.
With annual sales of over $12 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical distribution in Québec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners.

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Information:
Mark Bernhardt
mark.bernhardt@metro.ca
416 239-7171 x6155

SOURCE: Metro

Metro inc. to purchase up to 5,162,000 of its Common Shares pursuant to private agreements with several arm’s-length third-party sellers

MONTREAL, 2015-11-04 — /EPR Retail News/ — Metro inc. (“Metro”) (TSX: MRU) announced today that it intends to purchase for cancellation, on or before September 9, 2016, up to 5,162,000 of its Common Shares pursuant to private agreements between Metro and several arm’s-length third-party sellers. These purchases will be made pursuant to issuer bid exemption orders issued by the Ontario Securities Commission. The price that Metro will pay for any Common Shares purchased by it under such agreements will be negotiated by Metro and the seller and will be at a discount to the prevailing market price of Metro’s Common Shares on the Toronto Stock Exchange (“TSX”) at the time of the purchase. Information regarding each purchase, including the number of Common Shares purchased and aggregate price paid, will be available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com following the completion of any such purchase.

These purchases will form part of Metro’s 18,000,000 million share repurchase program announced on September 8, 2015 and effective on September 10, 2015, which allows for purchases outside the facilities of the TSX pursuant to exemption orders issued by a securities regulatory authority, including by way of private agreements at a discount to the prevailing market price. The maximum number of Common Shares which may be purchased by way of all such private agreements cannot exceed 6,000,000, being one-third of the total number of Common Shares which may be purchased under Metro’s 18,000,000 million share repurchase program announced on September 8, 2015.

Metro Inc.

With annual sales of over $ 11 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical sectors in Québec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, The Pharmacy and Drug Basics banners.

Forward Looking Statements
This press release contains forward-looking statements which reflect management’s expectations related to expected future events and financial results and operating results. This forward-looking information typically contains the words “anticipate”, “believe”, “estimate”, “intend”, “expect”, “may”, “will”, “should”, “potential”, “plan”, “project” or other similar terms. These forward-looking statements are not facts, but only reflections of management’s estimates and expectations. Although Metro believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to differ materially from management’s expectations as set forth in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties discussed in the “Risk Factors” section in disclosure materials filed from time to time with Canadian securities regulatory authorities.

The forward-looking statements included in this press release are made only as of the date hereof and Metro does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events contained in these forward-looking statements may or may not occur. Metro cannot assure that projected results or events will be achieved.

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Information:

François Thibault
Senior Vice President, Chief Financial Officer and Treasurer
METRO INC.
514 643-1003

Roberto Sbrugnera
Vice President, Treasury, Risk and Investor Relations
METRO INC.
514 643-1245

SOURCE: Metro

Metro Inc. to release its financial results for the 4Q 2015 on November 18, 2015

MONTREAL, 2015-10-29 — /EPR Retail News/ — Metro Inc.
will be releasing its financial results for the fourth quarter of 2015 on November 18, 2015. This release will be followed by a conference call at 11:00 a.m. EST.

Mr. Eric R. La Flèche, President & CEO and Mr. François Thibault, Senior Vice President & CFO will hold the conference call intended for investors and financial analysts to review the financial results. This conference call, expected to last approximately 60 minutes, will be followed by a question and answer period.

The analysts and institutional investors are invited to access the conference call, by dialing 647.427.7450 or 1.888.231.8191 or via the website by clicking here. The journalists as well as the public may access this conference via a listen mode only. A replay will be available approximately one hour after the call at 1.855.859.2056 (access code 66854986) or via the website by clicking here, until 23:59 EST on December 18, 2015.

Metro Inc.
With annual sales of over $11 billion and over 65,000 employees, METRO INC. is a leader in the food and pharmaceutical sectors in Quebec and Ontario, where it operates a network of more than 600 food stores under several banners including Metro, Metro Plus, Super C and Food Basics, as well as over 250 drugstores under the Brunet, The Pharmacy and Drug Basics banners.

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Source: Metro Inc.

Information:

Roberto Sbrugnera
Vice President, Treasury, Risk and Investor Relations
METRO INC.
514 643-1000