Close X
Wednesday, January 15, 2025
ADVT 
National

Competition Bureau Approves Lowe's $3.2-Billion Takeover Of Quebec-based Rona

IANS, 13 May, 2016 10:56 AM
    MONTREAL — The Competition Bureau has approved the Lowe's takeover of Quebec-based Rona.
     
    The federal agency says it has concluded the acquisition by the U.S. company won't limit consumer choice.
     
    The deal was overwhelmingly approved by Rona shareholders in March, but it also stirred some degree of nationalist sentiment, particularly from Pierre Karl Peladeau, the Parti Quebecois leader at the time.
     
    Lowe's entered the Canadian market in 2007 and had 42 stores in British Columbia, Alberta, Saskatchewan and Ontario when the $3.2-billion deal was announced in February.
     
    Rona has 496 corporate and dealer-owned stores across Canada, including 238 in Quebec.
     
    The transaction, which is also subject to review under the Investment Canada Act, is expected to close by the end of May.

    MORE National ARTICLES

    Family Of Alberta Man Burned In Bath At A Care Home Disappointed With Report

    Family Of Alberta Man Burned In Bath At A Care Home Disappointed With Report
    David Holmes was a resident at a home for people with developmental disabilities and had severe cognitive impairment with little or no verbal communication, requiring help from full-time caregivers for all activities of daily living.

    Family Of Alberta Man Burned In Bath At A Care Home Disappointed With Report

    Attawapiskat Crisis Has Hallmarks Of Possible 'Suicide Contagion,' Experts Say

    Attawapiskat Crisis Has Hallmarks Of Possible 'Suicide Contagion,' Experts Say
    Attawapiskat's chief declared a state of emergency Saturday after the remote northern Ontario community recorded 11 suicide attempts so far this month and 28 others in March.

    Attawapiskat Crisis Has Hallmarks Of Possible 'Suicide Contagion,' Experts Say

    Odd-Even Every Month If Second Phase A Success: Arvind Kejriwal

    Odd-Even Every Month If Second Phase A Success: Arvind Kejriwal
    The odd-even vehicle scheme could be enforced for a fortnight every month in the national capital if the second phase beginning from April 15 is also a success, Delhi Chief Minister Arvind Kejriwal said on Wednesday.

    Odd-Even Every Month If Second Phase A Success: Arvind Kejriwal

    Mayor Gregor Robertson Sends Best Wishes for Vaisakhi While Highlighting Celebratory Policies

    Vancouver Mayor Gregor Robertson addresses the South Asian community ahead of the Vaisakhi festiv...

    Mayor Gregor Robertson Sends Best Wishes for Vaisakhi While Highlighting Celebratory Policies

    $32Million Raised By Canadians To Help Syrians, To Be Matched By Liberals

    $32Million Raised By Canadians To Help Syrians, To Be Matched By Liberals
    OTTAWA — Canadians donated $32 million for aid to Syria under a matching program launched last fall.

    $32Million Raised By Canadians To Help Syrians, To Be Matched By Liberals

    Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival

    Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival
    Sikhism is rooted in teachings of equality, unity, selfless service and social justice – the very values which we all strive to incorporate in our daily lives

    Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival