HAPPENING NOW:
Marvin on Lowe’s bid for Rona
The Quebec government is vowing to block Lowe’s hostile takeover of Rona.
Quebec’s finance minister says the $1.76 billion bid is not in the interests of either the province, or Canada. Rona says it considered the offer for a couple of weeks before rejecting the offer, saying it is not in the best interest of shareholders.
The deal would have given Lowe’s a bigger foothold in Canada.
Marvin Ryder from the DeGroote School of Business is here with his thoughts on the battle:
[projekktor src=’https://488b0f6bbd6e1f02d285-a9990803a5649dd3960d912508d8bce9.ssl.cf2.rackcdn.com/2012-0801-MarvinNNM.mp4′]
