(Reuters) - Lowe's Cos Inc said on Monday it had withdrawn its C$1.8 billion ($1.86 billion) proposal to buy Rona Inc in the face of stiff opposition to the unsolicited bid for the Canadian home improvement retailer.
Reuters: Top News, Reuters
Mon, 09/17/2012 - 8:17am
(Reuters) - Lowe's Cos Inc said on Monday it had withdrawn its C$1.8 billion ($1.86 billion) proposal to buy Rona Inc in the face of stiff opposition to the unsolicited bid for the Canadian home improvement retailer.