Wednesday, February 3, 2016

Lowe's to Buy Canada's Rona in $2.28B Deal

ReutersU.S. home improvement retailer Lowe's Companies Inc said it agreed to buy Canada's Rona in a deal valued at C$3.2 billion ($2.28 billion), after its previous bid ran into opposition from the company, dealers and politicians in Quebec.

Only 40 of Lowe's 1,850 stores in North America were located in Canada as of March. Rona has 700 stores across Canada.. . . more

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