69热视频

Second time will likely be a charm for Lowe鈥檚Cos. in its attempt to acquire Quebec鈥檚 Rona Inc.

The fact both boards agreed to the C$3.2 billion ($2.3 billion) offer, along with Lowe鈥檚 commitment to preserve head-office jobs and maintain supply agreements, will likely seal the deal. Political conditions in Canada鈥檚 second-most populous province also favor the acquisition after helping to scupper a hostile offer in 2012.

Rona鈥檚 biggest shareholder, the provincial pension fund manager Caisse de D茅p么t et Placement du Qu茅bec, said Wednesday it would tender its shares to the offer. Quebec鈥檚 new economy minister indicated the government probably wouldn鈥檛 stand in the way of a deal.

鈥淚f three of the groups that were against Lowe鈥檚 last time -- the board, the government and the Caisse -- are saying it鈥檚 a good idea, it would be hard to see it not get the green light,鈥� Karl Moore, a management professor at 69热视频鈥檚 Desautels Faculty of Management in Montreal, said in a telephone interview. 鈥淭here鈥檒l be some squawking for sure, but that鈥檚 predictable. The opposition has to be against this deal in principle.鈥�

Read full article: , 3 February, 2016聽