On October 2, 2017, Metro Inc. (TSX: MRU) and The Jean Coutu Group (JCP) Inc. (TSX: PJC.A) announced that they had signed a final merger agreement under which Metro will acquire all outstanding Class “A” subordinate voting shares of the Jean Coutu Group and all outstanding Class “B” shares of the Jean Coutu Group at the price of $24.50 per share of the Jean Coutu group, for total consideration of approximately $4.5 billion, subject to approval by the regulatory agencies and the shareholders of The Jean Coutu Group.
After receiving the unanimous recommendation of a special committee composed exclusively of independent directors, the board of directors of the Jean Coutu Group unanimously approved the transaction and recommended that the shareholders of the Jean Coutu Group vote in favour of the transaction.
After receiving the unanimous recommendation of a special committee composed exclusively of independent directors, the board of directors of the Jean Coutu Group unanimously approved the transaction and recommended that the shareholders of the Jean Coutu Group vote in favour of the transaction.
Fasken represented the special committee of The Jean Coutu Group (JCP) Inc. board of directors with a team led by Robert Paré and Marie-Josée Neveu that included Jean Michel Lapierre, Alain Ranger, Brandon Farber and Murray Braithwaite.
