Excluding transaction and integration costs, we anticipate the Transaction will be accretive to Lowe's earnings in the first year following the close of the acquisition.
Lowes timing pro#
Together, Lowe's Canada and RONA stores will create Canada's leading home improvement retailer with 2015 pro forma revenues from Canadian operations of approximately C$5.6 billion. The offer represents a premium of 104 percent to RONA's closing common share price on Februand a 38 percent premium to RONA's 52-week high of C$17.36. The total transaction value is C$3.2 billion (US$2.3 billion) (the "Transaction"). (TSX: RON, RON.PR.A) ("RONA") announced today that they have entered into a definitive agreement under which Lowe's is expected to acquire all of the issued and outstanding common shares of RONA for C$24per share in cash, and all of the issued and outstanding preferred shares of RONA for C$20 per share in cash. (NYSE: LOW) ("Lowe's" or the "Company") and RONA inc. Mooresville, NC and Boucherville, QC /PRNewswire/ - Lowe's Companies, Inc. Acquisition accelerates Lowe's growth strategy in Canada.Lowe's to locate its Canadian head office in Boucherville, Quebec Canadian operations to be headed by Sylvain Prud'homme, President of Lowe's Canada.Lowe's pledges important commitments to RONA's key Canadian stakeholders.Agreement is based on compelling strategic rationale for both companies.Transaction unanimously approved by both companies' Boards of Directors.Transaction valued at C$3.2 billion (US$2.3 billion).Rob suffered public scorn and humiliation but was never charged with any criminal offence and completed 20 hours of community service.īut his phone stopped ringing, his jobs dried up and it looked as if his career was over. Both girls agreed to be videotaped, but when Rob went to the bathroom he realised they’d fled with money and the video tape which was then leaked. Rob faced no prosecution because the 16-year-old girl had been at a nightclub when security checks should have ensured she was at least 21. I was one billion percent ahead of the curve.” Rob, 55, says: “The real f**k up was that I didn't wait 20 years later to do it where it would have helped my career.
Instead, what Rob regrets most about the sex tape was the timing. Or remorse over dashing his dream of being taken more seriously as a political mouthpiece and of winning a role in a Martin Scorsese film. It is not the fact he was sued by the mother of the 16-year-old girl in a civil lawsuit he settled out of court. Now, Rob has revealed his biggest regret about the sex tape and his answer is surprising. Once the sex tape circulated his image was so battered he was considered untouchable.
It happened 30 years ago when 24-year-old Rob was the most handsome and bankable member of Hollywood’s Brat Pack, a group of gorgeously cool actors chosen for cult coming-of-age films such as The Outsiders and St Elmo’s Fire. DECADES before sex tapes and YouTube catapulted Paris Hilton’s fame into the stratosphere and launched the career of Kim Kardashian, an X-rated home video left Rob Lowe’s acting career in tatters.Ĭaught with two girls in an Atlanta hotel room, one aged only 16, the scandal left his clean cut reputation as stained as the rumpled bed sheets.
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