Premier Philippe Couillard and Quebec City

Lowe Rona: We are losing too many head offices, according to The Toronto Star. That not how we are going to enrich Quebec, quite the contrary. We are losing too many companies, Pierre Karl Péladeau, head of the opposition Parti Québécois, told reporters Wednesday in Quebec City after urging Premier Philippe Couillard to block the sale. But protests are unlikely to kill the deal as the transaction has been unanimously approved by the boards of directors of Lowe and Rona and is supported by the management of both companies. The agreement provides for a cash purchase price of $24 per share and $20 per preferred share. The Rona board will recommend that shareholders vote in favour of the deal at a special meeting at the end of the first quarter. (news.financializer.com). As reported in the news.