RONA inc. Cumulative Floating Rate Series 7 Class T.RON.PR.B

Rona in play $14.50 offer by lowes

[Ciao]

offer received on July 8 and rejected last week.  Board wants to keep their jobs and lowes is still very interested. This can lead to a hostile bid.  Management got away without disclosure earlier in the month.  Feel sorry for shareholders who sold in last few weeks.

[BearBullBrian]

It's not going to be easy for Lowe's at this low price. I'd rather stick with the boneheads at Rona for now until they can build the SP and selling price to something like $20 or more. There is so much unrealized potential for a savvy retailer to take advantage of at Rona, it's unreal and Lowe's knows that. Management treat the company like Quebec bureaucrats with all the