Another offer for METRO

Another turn occured in the acquisition of the Metro cash & carry on chain store, which has been going on for a year.

Two Eastern European billionaire investors want to buy the retail chain, who have made a new purchase offer (3 percent higher than the closing stock price on Friday) at a higher price on Friday. Metro’s management, however, lacks the purchase price because they think it is much lower than the real value of the company – origo wrote. (origo)