Lowe's Companies (LOW) Down on Buying RONA


Lowe's Companies, Inc. (NYSE: LOW) shares tumbled 7% to $66.83, on acquiring all of the issued and outstanding common shares of Canada-based RONA for C$24 per share in cash, and all of the issued and outstanding preferred shares of RONA for C$20 per share in cash. The total transaction value is $2.3 billion U.S. Share volume was 1.35 million, approaching an all-day average of 1.38 million