Glass Lewis and ISS on board with Lowe’s acquisition of Rona
Advisory firms Glass, Lewis & Co LLC and Institutional Shareholder Services Inc have recommended that shareholders of Canadian home improvement retailer Rona Inc (TSX: RON) vote for the company's acquisition by Lowe’s Cos Inc (NYSE: LOW). The $3.2 billion deal was announced last month. Rona's largest investor, the Caisse de dépôt et placement du Québec, supports the acquisition; however, U.K. investment firm The Stirling Funds said it undervalues the preferred shares of Rona.
23 March 2016•3 mins read
