Lowe's Cos. (LOW) Announces Completion of $2.4B RONA Acquisition
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Lowe's Completes Acquisition of RONA
May 20, 2016 8:13 AM EDTMOORESVILLE, NORTH CAROLINA and BOUCHERVILLE, QUEBEC -- (Marketwired) -- 05/20/16 -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's" or the "Company") today announced that it has completed its previously announced acquisition of RONA inc. (TSX: RON)(TSX: RON.PR.A)(TSX: RON.PR.B) ("RONA"), in a transaction valued at C$3.2 billion (US$2.4 billion).
The acquisition represents a key step in accelerating Lowe's growth strategy. It creates one of the largest home improvement retailers in Canada, with 539... More
