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Daily Archives: Jan 16, 2017

The not-so-pleasant choices faced by RONA’s preferred shareholders

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Shareholders of RONA gather in Montreal Thursday to vote on the $3.2 billion takeover by Lowe’s. For common shareholders, the problem seems a no-brainer. There isn’t any real alternative to tendering to the $24 a share offer, a cost that represents a proper premium to the shares’ recent trading price. And the prices are almost $10 higher than the sale ...

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