Competition bureau won't block Lowe's purchase of Rona: Reuters
Canada's Competition Bureau said it would not block Lowe's Companies Inc's proposed purchase of Canadian company Rona Inc, saying it was satisfied the deal would not substantially lessen competition, Reuters reported. The $3.2 billion takeover bid, which Lowe's unveiled in February, will help the U.S. home improvement retailer compete with Home Depot Inc. Rona's largest investor, the Caisse de dépôt et placement du Québec, has approved the deal.
12 May 2016•1 min read
