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

RE: RE: sucker

[bnw]

Right on Fence.  Lowes is getting battered by Home Depot and needs growth.  Canada is the easiest expansion route but with Rona in the picture, Lowes starts out as number 3 and the market supports 2 better than 3.  Lowes didn't start this process without thinking it through and committing themselves.  After the Quebec election it will be less in the public eye and by sweetening the deal, the next government can take credit for improving the Caisse de Depot's bottom line.  Your 16.50 looks good, 18.00 might also be possible.