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Archive Home > 2012 > September > 18 > Lowe’s abandons Rona takeover bid

Lowe’s abandons Rona takeover bid


September 18, 2012

Home improvement retailer Lowe’s on Monday abandoned its $1.8 billion hostile bid for its Canadian competitor Rona, a move that avoids a political showdown with the government in Quebec. Rona, which is based in Quebec, and Lowe’s began apparently friendly discussions as early as July 2011. That....

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