Rona Rejects C$14.50 Offer From U.S. Retailer Lowe’s
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 º«¹úÂãÎè 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."
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