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Why Lowe's Companies, Inc. Buying Rona Inc. Is Good Business

The Motley Fool Canada - ‎10 hours ago‎
Lowe's Companies, Inc. (NYSE:LOW), showed the market last week that persistence has a way of paying off, and when it comes to making an acquisition, it is all about timing.
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Rona, economy dominate agenda in Quebec

CTV News - ‎2 hours ago‎
QUEBEC -- The economy in general, and the friendly takeover of Rona Inc. by U.S. interests in particular, dominated Quebec's question period Tuesday as the national assembly resumed sitting after its winter break.
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Rona Ambrose brands Liberal changes to ISIS mission 'shameful'

CBC.ca - ‎Feb 8, 2016‎
Interim Conservative Leader Rona Ambrose says it's "shameful" that Prime Minister Justin Trudeau is pulling back from the combat mission against ISIS in Iraq and Syria, even as the United States lauds the new Canadian contribution.

Rona Ambrose questions raising HST in New Brunswick budget

CBC.ca - ‎11 hours ago‎
Federal interim Conservative Leader Rona Ambrose is questioning the New Brunswick government's decision to raise the HST to 15 per cent.
Ambrose warns against HST hike

Rona takeover bid gives Gazette portfolio a boost

Montreal Gazette - ‎Feb 8, 2016‎
One of the longtime holdings in the basket of 15 Quebec-based companies, hardware chain Rona Inc., last week announced a friendly takeover offer of $3.2 billion from U.S.
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Lowe's Rona deal faces Quebec opposition

Toronto Star - ‎Feb 3, 2016‎
The agreement provides for a cash purchase price of $24 per share and $20 per preferred share. The offer represents a premium of 104 per cent to Rona's closing common share price Tuesday and a 38 per cent premium to its 52-week trading high $17.36.

Postscript: Rona's sale is a vote of confidence in Quebec

CTV News - ‎Feb 5, 2016‎
To hear some describe it, it is Hardware Heresy.The Quincaillerie caper. It's as if the Americans had stormed Rona and Reno with regiments of troops wearing red Lowe's vests armed with nail , glue and caulking guns ready to strip Quebec of its home ...
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Justin Trudeau should never have lifted toll on Champlain Bridge: Rona Ambrose

The Guardian Charlottetown - ‎7 hours ago‎
Prime Minister Justin Trudeau should never have promised to eliminate the toll on the Champlain Bridge in Montreal, says interim federal Conservative Leader Rona Ambrose. Making that promise in the middle of the election campaign put the bridge's ...
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Stocking major appliances at Rona a key to Lowe's ambitious goal

The Globe and Mail (subscription) - ‎Feb 4, 2016‎
The president of the Canadian division of U.S. retailer Lowe's Cos. Inc., which revealed this week a $3.2-billion deal to acquire hardware rival Rona Inc., is tasked with doubling its operating profit in this country in five years. Already the company ...
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Rona Ambrose denounces Atlantic HST during PEI visist

The Guardian Charlottetown - ‎Feb 8, 2016‎
Ron McInnis, left, Pat McInnis, Carol Lee McInnis, and Lindsay Glasspoole, with George Glasspoole, chat with Rona Ambrose at he Kettle Black in Charlottetown Monday.
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Lowe's measured twice before Quebec cut Rona free

The Globe and Mail (subscription) - ‎Feb 4, 2016‎
This is just one of the ironies in Lowe's friendly $3.2-billion takeover of Quebec hardware icon Rona Inc., almost four years after the North Carolina-based home-reno giant's hostile bid for the chain was unanimously panned by panicking politicians ...
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Rona Ambrose easing rifts with Atlantic Canadian Tories, says MLA

CBC.ca - ‎Feb 6, 2016‎
Interim federal Conservative Leader Rona Ambrose met with all four Atlantic Progressive Conservative leaders Saturday morning, a meeting members of Nova Scotia's Progressive Conservative party say hasn't happened in 20 years.
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Rona CEO's equity holdings to increase $14-million with Lowe's deal

The Globe and Mail (subscription) - ‎Feb 3, 2016‎
At $24 a share, the U.S. retailer's bid for Rona came in at more than double Tuesday's close, pushing the value of Mr. Sawyer's options to $5.4-million at that price.
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Lucara Names 1111 Carat Diamond Lesedi La Rona

Stockhouse - ‎9 hours ago‎
The diamond industry has played a vital role in the country's development, allowing for significant and ongoing investment in world-class healthcare, education and infrastructure.

Rona takeover to have no immediate impact in Sudbury, company says

NorthernLife.ca - ‎Feb 4, 2016‎
On Nov. 12, 2015, workers at the Sudbury Rona store were locked out after more than nine months of negotiations failed to result in a new collective agreement.

Rona sale reduces our retail footprint

MyToba - ‎Feb 7, 2016‎
How about the home-improvement chain called Lowe's? Winnipeg still doesn't have one of their stores, but Regina, which doesn't have Ikea, has had a Lowe's for quite a while.

Rona Ambrose counsels Tory MPs on balancing the House and their home

The Globe and Mail - ‎Feb 4, 2016‎
Just after being elected federal Conservative Party interim leader, Rona Ambrose addressed the 33 new MPs in her caucus, warning them not to “underestimate the impact of this job on your relationship.

Lessons From Rona⁄Lowe's

Mondaq News Alerts (registration) - ‎Feb 6, 2016‎
In a vindication of the Rona board's business judgment, on February 3, 2016, Lowe's agreed to acquire Rona for $24 per share in cash - a 65% premium to Lowe's July 2012 unsolicited $14.50 proposal that was rejected by Rona's board, and a 104% ...

U.S.-based Lowe's to buy Rona, years after nationalist sentiment crushed deal

Winnipeg Free Press - ‎Feb 3, 2016‎
U.S.-based Lowe's to buy Rona, years after nationalist sentiment crushed deal. By: Ross Marowits, The Canadian Press Posted: 02/3/2016 5:14 AM | Last Modified: 02/3/2016 4:42 PM | Comments: 24.
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At the open: TSX rises amid higher oil prices, Rona deal

The Globe and Mail - ‎Feb 3, 2016‎
Shares of Rona Inc. jumped 99.1 per cent to $23.43 after U.S. home improvement retailer Lowe's Companies Inc. announced it is aiming to buy Quebec-based company for $3.2-billion cash in a friendly deal supported by the directors and management of both ...
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