Lowe’s offers to buy Canada’s Rona for C$1.8 billion
(Reuters) – Lowe's Cos , the world's No. 2 home improvement chain, wants to spend C$ 1.8 billion to buy Canadian competitor Rona Inc , but the struggling Canadian retailer publicly rejected the offer on Tuesday and said its own turnaround plan offered a better chance of success. Rona, Canada's home-grown answer to Lowe's and Home Depot Inc , said the C$ 14.50 a share proposal was not the best deal …
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