BRIEF-Lowe's to acquire RONA's preferred shares for C$24 per share

Fri Oct 7, 2016 8:41am EDT
 
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Oct 7 (Reuters) - Lowe's Companies Inc :

* Lowe's agrees to acquire RONA's preferred shares for C$24 per share

* Fidelity Investments Canada ULC, that owns significant portion of preferred shares agreed to vote preferred shares in favour of deal

* Board of directors of rona has unanimously approved transaction Source text for Eikon: Further company coverage: