CANADA TAKEOVER
July 1st, 2005
BY MONICA DOBIEMONTREAL, Canada-based supermarket chain Metro Inc. will pay CDN$1.2 billion in cash and CDN$500 million worth of Metro class-A shares to buy the A&P Canada supermarket chain, headquartered in Ontario. A&P Canada operates 236 food stores in Ontario under the A&P, Dominion, Food Basics, The Barn and Ultra Food & Drug brands, with annual sales of CDN$4.4 billion and more than 32,000 employees.Metro already operates stores in Quebec and eastern Ontario under the Metro, Metro Plus, Super C, Loeb and Brunet trading names. It has annual ...
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