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Lowe’s (NYSE:LOW): Current Price $37.17
According to dealReporter, Canadian home improvement chain Rona’s move to revamp its board of directors may lead to a resurrection of Lowe’s (NYSE:LOW) offer to acquire the company, a proposal which was withdrawn after the Rona board stubbornly refused to entertain it. According to dealReporter, by the time of RON’s 14 May annual meeting, there will be eight new faces on its 14-member board and this may increase the likelihood of LOW making a fresh offer.
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