It has bothersome implications; the unrealistic price matching, the store proximity. These two companies are not competitors, but monopolistic enterprises in the process of carving up the country. I forecast that some day they will face ricco issues.
One area I find intriguing is the Atlanta connection. HD and Lowes have a pivot point there. Bank of America has financed a large part of both. The overly smooth ride these companies equities are taking is a ruse.