Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Rona Rejects Unsolicited Takeover Bid From Lowe’s Companies

By David Scanlan - 2012-07-31T11:12:43Z

Rona Inc. (RON), the Canadian hardware retailer, said it rejected an unsolicited takeover bid of C$14.50 a share from Lowe’s Companies Inc.

“The board believes that in the best interests of RONA and its stakeholders, the Corporation should remain focused on executing its business plan with a view to capturing significant opportunities that it sees for its business,” Rona said in a statement today.

Lowe’s remains interested in pursuing the transaction and is considering “all its options,” Rona said in the statement.

Rona, based in Boucherville, Quebec, closed yesterday at C$11.87 in Toronto, for a market value of C$1.44 billion ($1.44 billion).

To contact the reporter on this story: David Scanlan in Toronto at dscanlan@bloomberg.net

To contact the editor responsible for this story: Steven Frank at sfrank9@bloomberg.net

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