Subscribe
Business

Lowe’s withdraws buyout bid for Canada’s Rona

By Washington Examiner
Published
Add Washington Examiner on Google

MOORESVILLE, N.C. (AP) — Home-improvement company Lowe’s is withdrawing its buyout bid for Rona Inc., saying that the Canadian home-improvement company’s board does not seem to want to engage in talks.

Lowe’s Cos. says it has repeatedly attempted to engage Rona’s board so that it could conduct confirmatory due diligence and move forward with a friendly, negotiated deal.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.