RONA Rejects $1.76 Billion Unsolicited Takeover Offer from US-Based Lowe’s
Rona Inc. received and rejected a $1.76-billion unsolicited takeover offer ($14.50/share) from US-based Lowe’s Companies, causing its share price to soar 20% to $14.19 in trading this Tuesday on the Toronto Stock Exchange. Rona disclosed this offer during a brief statement today, confirming months of speculation on a potential takeover. Rona’s board unanimously agreed that […]