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2016 – Rona’s board says it agrees and helps a friendly $3.2 billion takeover by U.S.-based Lowe’s. The transaction is subject to customary situations and shareholder and regulatory approvals. 2002 – Rona shares listing on the Toronto Stock Exchange underneath image RON. In addition, the Canadian financial system has softened for the reason that final takeover attempt and the dollar has tanked, transferring from a place of parity with U.S. currency in 2012 to 72 cents at present. Wednesday’s $24 per share bid is about 65 per cent higher in Canadian dollar phrases than the $14.50 per share bid that was rejected 4 years in the past, however in U.S. dollar phrases the supply is simply sixteen per cent higher now. Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.
At the identical time, there is a …