Lowe's confirms non-binding proposal to RONA Board to acquire RONA for C$14.50 in cash per share

Lowe's non-binding proposal provides an attractive premium to RONA shareholders, compelling strategic logic for both companies and important commitments to RONA's key stakeholders Under Lowe's proposal RONA would remain a Quebec-based company with the Canadian head office in Boucherville, Quebec Lowe's seeking friendly negotiation with RONA Board of Directors MOORESVILLE, NC, July 31, 2012 /PRNewswire/ - Lowe's Companies Inc. (NYSE: LOW) ("Lowe's" or the "Company") confirmed today that it has made a non-binding proposal to the Board of Directors of Canadian home improvement and hardware retailer RONA Inc. (TSX: RON) ("RONA") to acquire all of the issued and outstanding