RONA shares hit price offered by Lowe’s

BOUCHERVILLE, Que. — RONA shares reached an intraday high of $14.75, piercing for the $14.50 per share price it was offered by Lowe’s in 2012 for the first time since then. News of negotiations between Tim Hortons and Burger King precipitated a spike in trading prices for Canadian companies seen as likely targets for similar proposals, the Financial Post reports.