Rona rejects $1.8-billion hostile bid from U.S. rival Lowe's

Rona rejects $1.8-billion hostile bid from U.S. rival Lowe's

Toronto : Canada | Jul 31, 2012 at 7:43 AM PDT
Source: The Globe & Mail
Views: Pending
Retail Streetwise Retail Rona  received the proposal nearly a month ago, on July 8 and told Lowe's last week -- on July 26 -- that it was rejecting the advance. The move comes as Rona struggles to make gains after a major overhaul this winter in which the retailer shifted strategies, closing more than 20... FULL ARTICLE AT The Globe & Mail
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