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10/07/16 - Lowe's Agrees to Acquire Rona's Preferred Shares for C$24 Per Share
MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, Oct. 7, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's") and RONA inc. (TSX: RON, RON.PR.A) ("RONA") announced today that Lowe's, through a wholly owned subsidiary, and RONA have entered into a definitive agreement for the acquisition of RONA's outstanding Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the "Preferred Shares") for C$24 per sha
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