- Lowe's (LOW -8.1%) is sharply lower after acquiring Canadian home improvement chain Rona. It appears likely that the misadventures of Sears and Target in the stretched-out nation are factoring in.
- The company notes trends are improving at Rona and sees synergy building up over time.
- BMO Capital Markets thinks the deal will win regulatory approval in Canada.
- Previously: Lowe's acquires Rona (Feb. 03 2016)
Investors not so positive on Lowe's Canada bet
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Symbol | Last Price | % Chg |
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LOW | - | - |
Lowe's Companies, Inc. |