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Lowe's to buy Canadian counterpart for $2.3B

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U.S. home improvement and appliance giant Lowe's Companies penned a deal to buy smaller Canadian counterpart RONA in a $2.3 billion deal.

The transaction represents a 104 percent premium to RONA's closing share price on Tuesday.

The deal would create the largest home improvement retailer in Canada.

Read more from USA Today.

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