METRO DRIVES SYNERGIES WITH A&P

MONTREAL -- Three months after acquiring 356 stores in Ontario from A&P Canada, Metro here said last week it is on track to achieve synergies of $35 million Canadian by the end of its 2006 fiscal year and a total of $60 million a year later.In U.S. dollars, those savings would amount to $29.4 million over the next 12 months and $50.4 million over the 24-month period.When Metro closed the A&P deal

MONTREAL -- Three months after acquiring 356 stores in Ontario from A&P Canada, Metro here said last week it is on track to achieve synergies of $35 million Canadian by the end of its 2006 fiscal year and a total of $60 million a year later.

In U.S. dollars, those savings would amount to $29.4 million over the next 12 months and $50.4 million over the 24-month period.

When Metro closed the A&P deal in mid-August, it said it was anticipating synergies of $50 million Can

Register to view the full article

test - Advanced Registered User

Already a member? .