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Rona Rejects C$14.50 Offer From U.S. Retailer Lowe’s


Published: 1 Aug 2012

Rona Inc. (RON) investors anticipate a bidding contest to keep the home-improvement retailer in Quebec hands after it rejected an offer from Lowe's Cos. that sent the shares to a record one-day gain.

... "It's not a surprising reaction, if you look at the history of Quebec's position," said William Polushin, a professor of international business at McGill University in Montreal. "It's consistent with the idea that Quebec does try to identify wherever possible where it can support Quebec industry and do it Quebec's way."

Read full article: Bloomberg, August 1, 2012

Related articles:

La Presse, August 1, 2012

The Star, August 1, 2012

The Spec, August 1, 2012

Financial Post, July 31, 2012

Source Site: /desautels
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