Caisse puts support behind Lowe’s-RONA deal

MONTREAL — RONA’s largest shareholder, the Caisse de dépôt et placement du Québec, has reaffirmed its commitment to sell its shares to Lowe’s, reports the Globe and Mail, adding more certainty to a positive outcome for that acquisition. The Caisse owns roughly 17% of the RONA shares, and Caisse CEO has supported the takeover since the start, even though he had opposed Lowe’s first takeover attempt in 2012, believing it did not reflect the value of RONA or its potential for growth at the time.