Rona Inc posts loss, higher revenue, ahead of takeover by Lowe’s

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Rona s slated to become a subsidiary of Lowe's following a friendly $3.2-billion takeover deal announced in February.

BOUCHERVILLE, Que. — Rona Inc. says it lost money in this year’s first quarter but overall revenue increased despite weak sales in the Prairies.

The Quebec-based home improvement retailer is slated to become a subsidiary of Lowe’s following a friendly $3.2-billion takeover deal announced in February.

Rona (TSX:RON) posted a $16.5 million net loss or 15 cents per share for the quarter ended March 27.

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