Feb 3 (Reuters) - U.S. home improvement retailer Lowe's
Companies Inc LOW.N said it would buy Rona Inc RON.TO in an
all-cash deal valued at C$3.2 billion ($2.28 billion) to expand
its presence in Canada.
Lowe's will pay C$24 per share for Rona's common shares,
more than double the stock's closing on Tuesday. The deal also
include a C$20 per share cash payment for Rona's preferred
shares. = 1.4012 Canadian dollars)