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On Monday, investors may finally hear Lowe’s CEO Robert Niblock’s take on Lowe’s “expression of interest” in Rona. He will participate in the company’s analyst conference call after it releases its second-quarter results.
On Monday, investors may finally hear Lowe’s CEO Robert Niblock’s take on Lowe’s “expression of interest” in Rona. He will participate in the company’s analyst conference call after it releases its second-quarter results.
(Nathan Denette/THE CANADIAN PRESS)

With Rona, Harper dodges another tense takeover

I doubt Stephen Harper has personally talked to Lowe’s management team, but he might want to give them a call to say thanks. By withdrawing their bid for Rona Inc., they’re saving him for what would have been a political firestorm.

This isn’t the first time his party’s found a hidden emergency exit. Another appeared when London Stock Exchange Group tried to pair up with the Toronto Stock Exchange. In that case, a consortium of Canadian financial institutions emerged as a saviour, and the federal government walked off the battlefield without ever having to make a tough call.