https://globalnews.ca/news/9251295/lowes-rona-selling-private-equity-firm/
Lowe’s bought RONA Inc. in 2016 in a deal valued at $3.2 billion Canadian, or about US$2.4 billion, that at the time it said was a key step in accelerating its growth strategy.
Why the heck would Melvin sell Rona and take a 2 billion lost. Oh that's right its Melvin, our leader.....not! The writing is on the wall folks and I think Melvin is setting himself up to bail out of Lowe's.
Rona is better off. They are most likely going to do better without Melvin.
Melvin is shaking in his shorts! He doesn't know what to do anymore. Here is a thought, why don't you re-invest your money to us HEROES on the front line with a decent wage and we will make you more money.
Just another indication that Marvin ain't the brightest bulb on the strand. That pay raise better be more than 2%.
Lowes sold these assets for $400M cash money to a NY “Private Equity Fund”. Wall Street will pick the bones dry.