Metro, Arcandor could be moving toward deal

05/22/2009 | Reuters

After the CEOs of Germany's Metro and Arcandor met Thursday, the companies issued a joint statement saying an alliance of the company's department store divisions might be a sensible course of action. The retailer leaders are planning to meet again, but further details were not disclosed. Arcandor is on a deadline, however, as its credit lines need to be renewed by June 12 or the company might face collapse.

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