Lowe’s completes acquisition of RONA preferred shares

MOORESVILLE, N.C. & BOUCHERVILLE, Que. — Lowe’s has completed its previously announced acquisition of RONA inc.’s preferred shares. Preferred shareholders will receive CD$24 per share in cash, without interest. RONA has applied to delist its preferred shares from the Toronto Stock Exchange and expects the delisting to be completed in a few trading days. RONA has also applied to cease to be a reporting issuer in each of the Provinces of Canada under applicable Canadian securities laws.