Nov 12 Canadian home-improvement retailer and
distributor Rona Inc said it "categorically denied"
report published in newspaper La Presse on Saturday suggesting
that it had received a buyout offer from U.S.-based rival Lowe's
Rona said it has not received any proposal of any kind from
Lowe's and there have been no new buyout discussion between the
Lowe's withdrew its C$1.8 billion ($1.86 billion) proposal
to buy Rona in mid-September, after opposition from politicians
in Rona's home province of Quebec and from its dealers.