The Canadian Press

2016-02-03 | Lowes Buys Rona

Preview Clip

A big deal has been hammered out in Canada's home-improvement retail business, and both players say the merger will create the industry's Canadian market leader.

Date: 2016-02-03
Placeline: Undated.
Source: The Canadian Press
Length: 30 seconds

Transcript Prediction: << the US based Lowe's Home Improvement chain is expanding its footprint in Canada by Buy in Quebec base tronox in a deal valued at 3.2 billion dollars the transaction is supported by management of both companies that would require various approval Lowe's first approached Verona several years ago but that takeover attempt was opposed by the Quebec government and several of rhona's independent dealers chairman and CEO Robert niblock says the deal will give Lowe's access to Quebec a province where Lowe's currently has no presents Karen Rebo the Canadian press >>