Lowe’s chairman confirms RONA deal to close

MOORESVILLE, N.C. ― Lowe’s is set to complete the acquisition of RONA tomorrow. The $3.2 billion deal was expected to close May 20, and Lowe’s chairman, president, and CEO Robert Niblock confirmed that date in a call to analysts yesterday during the release of Lowe’s Q1 results. After securing shareholder support at the end of March, the deal got the final approval it needed on May 13 when the Competition Bureau deemed that it will not limit consumer choice.

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