Seeking Alpha

Lowe's (LOW -0.2%) hires a Canadian lobbyist to help stir up support for its acquisition of Rona...

Lowe's (LOW -0.2%) hires a Canadian lobbyist to help stir up support for its acquisition of Rona after the deal gets politicized in Canada by everyone from Quebec separatists to the governing Liberal party. Robert Evershed of Prospectus Associates is tasked with drumming up support for the proposed C$14.50-a-share offer of Rona.
Comments (1)
  • User 509088
    , contributor
    Comments (1025) | Send Message
     
    it's not just politics. it's culture. the store owners/managers don't want it either.

     

    rona adapts to it's market, big box where it's profitable, smaller stores as the local market demands.

     

    lowes isn't looking for small outlets, it's looking for prime locations in downtowns and mall strips.

     

    this and the losing of the "buy canadian" premium makes it a loser for consumers and employees.

     

    many predicted that between them, lowes and home depot would squeeze rona out. it didn't happen.

     

    some compare it to a department store chain, zellers, selling out locations to target. but the zellers capitulation is the continuing redering of the once strong canadian department store sector, where the three (soon to be two) remaining non-discounter canadian chains are actually owned by the same survivor core.
    30 Aug 2012, 02:33 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|