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MONTREAL, QUEBEC--(Marketwire - Jan. 22, 2013) - Metro Inc. (TSX:MRU) announces today that it has agreed to sell to BMO Nesbitt Burns Inc. as bookrunner, National Bank Financial Ltd. and TD Securities Inc., by way of a block trade bought-deal, a total of 10,000,000 Class B Subordinate Voting Shares of Alimentation Couche-Tard Inc. (TSX:ATD.B) at a price per share of $47.90 (the "Offer Price"), for total gross proceeds of $479,000,000, and representing approximately 7.2% of the outstanding Class B Subordinate Voting Shares of Alimentation Couche-Tard and approximately 5.3% when combined with the Class A Multiple Voting Shares of Alimentation Couche-Tard. The completion of this sale will occur within the next 3 business days and will be preceded by the conversion of 4,276,332 of Metro's Class A Multiple Voting Shares of Alimentation Couche-Tard into Class B Subordinate Voting Shares, in accordance with Alimentation Couche-Tard's articles. The remaining 5,723,668 Class B Subordinate Voting Shares are already held as such by Metro. |
