Canadian home-improvement retailer and distributor Rona Inc said it "categorically denied" report published in newspaper La Presse on Saturday suggesting that it had received a takeover offer from U.S.-based rival Lowe's Cos Inc. Rona said it has not received any proposal of any kind from Lowe's and there have been no new buyout discussion between the two companies.
RONA inc. (RONA) is a distributor and retailer of hardware, home renovation and gardening products. Shares of RON remained unchanged at $10.12. In the past year, the shares have traded as low as $8.64 and as high as $14.49. On average, 479563 shares of RON.TO exchange hands on a given day and today's volume is recorded at 0.
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