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Rona rejects hostile US takeover bid

By Rob Gillies
Published
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TORONTO (AP) — The Quebec provincial government said Tuesday a potential hostile takeover of Canada’s largest home improvement chain by U.S. rival Lowe’s is not in the province’s or Canada’s interest after Rona Inc. announced it rejected a $1.76 billion Canadian (US$1.75 billion) offer from Lowe’s.

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